The Bank has already stated its intention to sell data held by the Mauritius Credit Information Bureau to accredited Rating Agencies. All these concerted initiatives will certainly take us in the direction of developing the local bond market.
The long-term prime lending rate was lowered three times by a total of 0.8 percentage points since September 1996 in response to the developments in the long-term interest rates, and has been moving at the record low of 2.5 per cent since December.