Mauritius keeps repo rate unchanged, sees inflation steady

PORT LOUIS (Reuters) - Mauritius' central bank held its repo rate unchanged at 4.65 percent on Monday, the governor said, and forecast inflation to hover around 3 percent in 2015. "There is no inflationary threat and the exchange rates have stabilised so there was no need to change our position," Governor Ramesh Basant Roi told a press conference, adding that the bank forecasts economic growth in 2015 at 4.3 percent. Last month, Statistics Mauritius said the Indian Ocean island economy will expand by 4.1 percent in 2015 after growing 3.5 percent last year, boosted by major public infrastructure projects. Finance minister Seetanah Lutchmeenaraidoo in his budget speech last month said Mauritius' economy will grow by 5.3 percent in the 2015/2016 (July-June) fiscal year. The benchmark repo rate has been kept steady since June 2013.