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# [MAURITIUS] Bank of Mauritius Holds Rate at 4.75%: 2.8% Growth Forecast and Record Tourism Receipts
- URL: https://businessoi.media/en/maurice-la-banque-de-maurice-maintient-son-taux-a-4-75-croissance-2-8-et-tourisme-record-en-recettes-en/
- Published: 2026-08-27T08:47:31.000Z
- Updated: 2026-08-27T08:47:31.000Z
- Description: The Bank of Mauritius holds its key rate at 4.75% in August 2026. Q1 growth slowed to 2%, full-year forecast at 2.8%, while tourism receipts hit 55.9 billion rupees — up 17.9% year-on-year.
- Author: Emmanuel TAOCHY
- Tags: Maurice, Économie, Finances publiques, Flash de mi-journée, #en

**The Monetary Policy Committee of the Bank of Mauritius (BoM) held its key interest rate steady at 4.75% at its August 2026 meeting. A cautious decision amid slowing Q1 growth of 2%, still-elevated inflation, and a tourism sector delivering resilient receipts of 55.9 billion rupees.**

## A Monetary Hold Amid Mixed Signals

Governor Priscilla Muthoora Thakoor defended the hold: «activity slowing but remaining resilient, with upside risks to inflation.» Headline inflation edged down to 4% in July from 4.1% in June, but core inflation remains a concern, ranging between 5.1% and 6.2%. The BoM revised its 2026 inflation forecast down to approximately 5%, from the previous estimate of 5.5%.

## 2% Growth in Q1 and Solid Tourism

Real GDP expanded by only 2% in Q1 2026, well below the 3.4% recorded a year earlier. The BoM now projects 2.8% growth for full-year 2026\. The slowdown is partially offset by a resilient tourism sector: arrivals grew 2.1% through July, with receipts reaching 55.9 billion rupees — a 17.9% increase year-on-year. Unemployment stood at 5.7% in Q1, with persistent skills mismatches in the labor market.

## Three Key Risks Identified for Year-End

The BoM identifies three main risks to the Mauritian macroeconomic outlook: global geopolitical tensions, energy price volatility, and global supply chain disruptions. These factors could weigh on imports and dampen tourism. Monetary policy will remain data-dependent, with future decisions conditioned on inflation, economic activity, exchange rates, and the international environment.

## Why This Matters

Maintaining the Mauritian benchmark rate at 4.75% sends a message of prudence to markets: Mauritius is not sacrificing price stability to boost short-term growth. For investors and businesses active in the Indian Ocean, this means stable short-term borrowing costs, a closely managed rupee, and an economy betting on quality — premium tourism, financial services — rather than volume.

*Source: AllAfrica, Le Mauricien, Maurice Info, August 2026*