PORT LOUIS (Reuters) – Mauritius’ central bank held its repo rate at 4.65 percent on Monday, its Monetary Policy Committee said, saying it saw threats to growth for the Indian Ocean island’s economy.
Bank of Mauritius revised down the 2014 economic growth forecast to a range of 3.4-3.6 percent. In April the bank had said growth in 2014 was expected to be between 3.7-4.0 percent.
“Downside risks to the growth outlook persist,” the MPC said in a statement.
