21 October 2016

Mauritius Times: The Persistent Low-Interest Rate Regime Carries Serious Risks

The former Governor of the Bank of Mauritius (BoM), Mr Rundheersing Bheenick, protested strongly each time the BoM’s Monetary Policy Committee overruled him by deciding to again and again bring down the bank’s Key Repo Rate by a majority. He even clashed with Ministers of Finance who advocated a private sector agenda to keep bringing down the country’s structure of interest rates on the assumption that it was interest rates that were supposedly preventing the private sector from undertaking further investment.

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