Few of us these days shed a tear over the demise of analogue photography,  BIS central bankers’ speeches  1  typewriters or credit transfer slips. And that’s why all stakeholders in the banking industry would be well advised to embrace digital change, and do so sooner rather than later.
Interest rates in Mauritius remained at relatively low levels for nearly two years. The ongoing economic recovery which is well entrenched has provided the MPC with leeway to continue with the normalisation process in the face of heightened inflation since the beginning of the year. The MPC unanimously decided today to raise the KRR by 50 basis points to reach 4.5 per cent.