Mauritius hikes interest rates for the first time since 2011 over inflation fears
African Indian Ocean island nation Mauritius has increased its key interest rate for the first time in over a decade as it anticipates Ukraine’s war piling on inflation pressures in 2022. This hike is the first ever since 2011. “The monetary policy committee raised the rate from 1.85% to 2%,” said Central Bank of Mauritius…