Mauritius interest rate
- Policy rate
- 4.75%
- Jul 2026
- Last move
- +0.25 pt
- May 2026
- Inflation
- 4.3%
- Jul 2026
- 10-year bond yield
- 4.99%
- May 2026
The policy rate set by the central bank of Mauritius is 4.75% as of Jul 2026. Its most recent move: it raised its rate from 4.50% to 4.75% (May 2026). The rate is 0.25 percentage points higher than a year earlier. With consumer prices up 4.3% over the 12 months to Jul 2026, the real rate (policy rate minus inflation) is +0.4%: borrowing costs are above inflation.
Policy rate over the past two years
Jul 2026: 4.75%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| May 2026 | Hike | 4.50% | 4.75% | +0.25 pt |
| Feb 2025 | Hike | 4.00% | 4.50% | +0.50 pt |
| Sep 2024 | Cut | 4.50% | 4.00% | −0.50 pt |
Changes between month-end rates. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Jul 2026: 4.3%
10-year government bond yield
May 2026: 4.99%
Other central banks in Africa
Source: IMF monetary statistics; inflation: IMF CPI; bond yield: IMF monetary statistics. Updated daily. All central bank rates · Mauritius economy dashboard