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# [MAURITIUS] Bank of Mauritius Holds Rate at 4.75%, Growth Revised Down to 2.8%
- URL: https://businessoi.media/en/maurice-banque-de-maurice-taux-directeur-maintenu-a-4-75-croissance-revisee-a-2-8-en/
- Published: 2026-08-18T02:43:12.000Z
- Updated: 2026-08-18T02:43:12.000Z
- Description: The BoM holds its key rate at 4.75% in August 2026. Q1 GDP at +2%, headline inflation at 4%, tourism receipts up 17.9% in H1. A breakdown of Mauritian monetary policy.
- Author: Emmanuel TAOCHY
- Tags: Maurice, Économie, finance, Revue matinale, #en

**The Bank of Mauritius (BoM) held its key rate at 4.75% at the Monetary Policy Committee (MPC) meeting in August 2026\. A standstill decision reflecting a moderately slowing Mauritian economy, with full-year growth now projected at 2.8%.**

## The Signals Behind the Decision

BoM Governor Priscilla Muthoora Thakoor summed up the monetary equation: « balancing domestic activity that is slowing but remains resilient, against persistent upside risks to inflation ». In practice, Q1 2026 GDP growth came in at 2%, down from 3.4% a year earlier, while July's headline inflation reached 4% and core inflation 2 peaked at 6.2%.

## Tourism: A Positive Counterbalance

Against this cautious macro backdrop, the tourism sector offers an optimistic note: arrivals grew by 2.1% over the first seven months of the year, and H1 tourism receipts surged 17.9% to Rs 55.9 billion. A performance that illustrates the successful repositioning of the Mauritius product towards European and Asian premium markets.

## Unemployment and Public Debt: Points to Watch

The unemployment rate stood at 5.7% in Q1 2026\. The BoM maintains a data-dependent approach and says it stands ready to adjust policy depending on the evolution of inflation, economic activity, and the global context — notably persistent supply chain tensions worldwide.

## Why It Matters

A stable rate at 4.75% signals a BoM choosing prudence over stimulus. For Mauritian businesses and foreign investors, this means a controlled but not yet declining cost of credit. The inflation trajectory will be the trigger for any eventual monetary easing — one to watch in Q4 2026.

*Source: Bank of Mauritius, allAfrica, Le Mauricien, Defimedia — August 2026*