The Monetary Policy Committee of the Bank of Mauritius cuts the Key Repo Rate by 40 basis points (Bank of Mauritius)

(Source: Bank of Mauritius) The Monetary Policy Committee (MPC) of the Bank of Mauritius has unanimously decided to cut the Key Repo Rate (KRR) by 40 basis points to 4.00 per cent per annum at its meeting today. Downside risks to the global economic outlook have increased in the wake of the UK's referendum in favour of Brexit. In its latest World Economic Outlook update released on 19 July 2016, the IMF revised down global growth further to 3.1 per cent for 2016 amidst increased...