Seychelles’ delicate dance: Inflation returns, debt grows, and credit shifts |20 June 2025

Seychelles’ delicate dance: Inflation returns, debt grows, and credit shifts

Compiled by Sunny Esparon

The February 2025 Statistics Bulletin from the Central Bank of Seychelles paints a nuanced picture of a national economy in flux. Published monthly on the Bank's official website, the bulletin offers a treasure trove of data that tracks the financial heartbeat of the island nation. From shifting inflation patterns and swelling public debt to rising credit in real estate and massive foreign exchange volumes, the latest figures hint at an economy trying to regain equilibrium – but not without warning signs.

Seychelles’ economic balancing act: Inflation rebounds while growth lags

After almost a year of negative inflation, Seychelles has officially tipped back into positive territory. According to the bulletin, the 12-month average inflation rate climbed from -1.5% in February 2024 to 0.6% in February 2025. Similarly, year-on-year inflation, which dipped into negative figures mid-2024, ended February 2025 at -0.1% after peaking at 1.7% in December.

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