Bank of Mauritius Cuts Rate 10bps to 5.40%

The Bank of Mauritius trimmed its benchmark interest rate by 10 basis points to 5.40% from 5.50%. The bank said: "The MPC observed a decline in externally-generated inflationary pressures.... The MPC is of the view that the Key Repo Rate is broadly appropriate in view of the expected impact of the 2012 budget measures. However, to signal its concern about the low level of business and...