Mauritius Central Bank Chief Says Growth Shouldn’t Rely on Rates

The newly appointed governor of Mauritius’s central bank said that the Indian Ocean nation — facing stubborn inflation — cannot rely on lower interest rates to spur economic growth.

“The domestic inflation outlook remains subject to upside risks, primarily originating from external sources,” Priscilla Muthoora Thakoor, who took up her post in September, said in an interview. “The Monetary Policy Committee will thus remain data driven and forward looking in its approach to reviewing its policy stance.”