Mauritius’ central bank is prepping for its first 2023 interest rate-setting meeting following the introduction of a new policy framework at the year’s start. The overnight interbank rate, replacing the 91-day bill as the benchmark interest rate, has been set at 4.5%. The policy change aims to manage liquidity more effectively and enhance monetary policy signaling. Inflation in Mauritius has decreased since the bank’s last meeting, aligning with the new inflation target range of 2% to 5%.