Monetary Policy Analysis

  • Indranarain Ramlall


Established in September 1967, the Bank of Mauritius is now responsible for the conduct of monetary policy in Mauritius. Interested readers can refer to the book entitled The Mauritian Economy: A Reader for more historical background information on monetary policy. This section will focus more on the present practice of monetary policy in Mauritius. The current monetary policy framework in Mauritius is based on the Key Repo Rate and is described below. The distinct tools of monetary policy are discussed. A schema of the general process of interactions among households, banks and public debt is also represented so that the root cause of the problems which trigger structural excess liquidity can be addressed via structural measures. Finally, the various transmission mechanisms and their effectiveness are covered in the last part.


Interest Rate Monetary Policy Inflation Target Inside Ownership Monetary Policy Committee 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Bank of Mauritius Annual Reports, Various issues.Google Scholar
  2. The Mauritian economy: A reader. (2001). Palgrave Macmillan.Google Scholar
  3. Ramlall, I. (2012). Broad money demand in Mauritius with implications for monetary policy. Journal of Economics and Behavioral Studies, 4(8), 436–448.Google Scholar
  4. Ramlall, I. (2015a). Global central bank ratings: A new methodology for global excellence. Palgrave Macmillan.Google Scholar
  5. Ramlall, I. (2015). Mauritius financial system stress index: Estimating the costs of the subprime crisis. Journal of African Business, 16(3), 235–271.CrossRefGoogle Scholar
  6. Ramlall, I. (2016). Does central bank quality determine sovereign ratings and credit default swap spreads: Evidence from the world? Journal of Central Banking Theory and Practice, 5(3), 5–29.Google Scholar
  7. Tsangarides, C. (2010). Monetary policy transmission in Mauritius using a VAR analysis. IMF working paper, WP/10/36.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Indranarain Ramlall
    • 1
  1. 1.University of MauritiusMokaMauritius

Personalised recommendations