Excess Liquidity

Comments on an Article that claims that it is only now that the Bank of Mauritius is concerned about low interest rate, unproductive investment and savings.

I cannot understand the fuss about the interest rate ; the connect between the Key Repo Rate (KRR) and the interbank rates and other money market rates was inexistent. it did not make any difference to existing liquidity conditions if the KRR was raised or reduced because of the persistent prevalence of excess liquidity in the money market.