Finance
Mauritius Economy Update-September 2023
Published on
Author: DISHA PRAFUL SUKHANI
Key Highlights:
- Bank of Mauritius left the key rate unchanged at 4.5%; 2023 Real GDP growth seen in 6.5-7.5% range.
- Headline CPI remained unchanged at 5.9% in August, Core CPI firmed 20 bps to 4.5%.
- Trade deficit in Mauritius narrowed marginally to MUR 16.5 billion in July as imports contracted 2%.
- FX reserves rose to an 11-month high of MUR 311 billion in August, providing an import cover of 10.5 months.
- MUR appreciated in August as the central bank intervened via dollar sales worth USD 10 million.
- Tourist arrivals stood at 98,990 in August, down 8% over the previous month.