IMF suggests changes to Mauritian monetary policy framework
Lack of clarity in current framework risks “undermining” the credibility of monetary policy, report says
The International Monetary Fund’s executive board has asked Mauritian authorities to “clarify” the central bank’s mandate or risk the “credibility” of its monetary policy.
In its latest health check of the island nation, the board noted that while the Bank of Mauritius has a primary objective to maintain price stability and promote “orderly and balanced” economic development, there was “no consensus on the definition” for the former.
“The perceived multiplicity of objectives risks
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