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AfricaMoney | August 22, 2017

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Mauritius sees Broad Money Liabilities up in Nov 2014 but growth rate slows

Mauritius sees Broad Money Liabilities up in Nov 2014 but growth rate slows

Net claims on central government, comprising one of the sources of Broad Money Liabilities, rose by Rs 3,349 million or 8.6 per cent, from Rs 38,799 million at the end of October 2014 to Rs 42,148 million at the end of November 2014. (Image: magicsun-mauritius)

Mauritius’ central bank announced that the Broad Money Liabilities (BML) rose by Rs 3,284 million, or 0.85%, from Rs 386,010 million at the end of October 2014 to Rs 389,294 million at the end of November 2014.

However, even as BML rose in absolute terms, the annual growth rate of BML went down from 10.3 per cent at the end of October 2014 to 9.8 per cent at the end of November 2014.

With regard to the sources of BML, domestic claims went up by Rs 12,262 million, from Rs 433,513 million at the end of October 2014 to Rs 445,775 million at the end of November 2014. Domestic claims went up by 1.6 per cent in the year to November 2014, as compared to an increase of 0.2 per cent in the year to October 2014.

Furthermore, the Net claims on central government rose by Rs 3,349 million or 8.6 per cent, from Rs 38,799 million at the end of October 2014 to Rs 42,148 million at the end of November 2014.

Claims on other sectors went up by Rs 8,913 million, from Rs394,714 million at the end of October 2014 to Rs403,627 million at the end of November 2014.

Claims on other sectors went down by 0.7 per cent in the year to November 2014, as compared to a decrease of 2.1 per cent in the year to October 2014.

Finally, the net foreign assets of depository corporations decreased by Rs38,497 million or 8.0 per cent, from Rs 478,692 million at the end of October 2014 to Rs 440,195 million at the end of November 2014, as against an increase of 8.6 per cent recorded in the previous month.

Net foreign assets went up by 17.1 per cent in the year to November 2014, as compared to an increase of 28.5 per cent in the year to October 2014.

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