Welcome to Street Journal Forum, Our motto is "We Disagree To Agree", you can have an open discussion here on anything, you can respond to Topics freely. Upload pictures you want to share and please invite your friends!

Mauritius needs to clarify monetary policy- IMF

We Disagree To Agree.....Let discuss everything!
Wsj
Posts: 25378
Joined: Fri Apr 15, 2016 8:31 pm

Mauritius needs to clarify monetary policy- IMF

Unread postby Wsj » Sat Dec 09, 2017 9:43 am

The International Monetary Fund (IMF) on Saturday says Mauritius needs to clarify its monetary policy to increase coherence.

The IMF said in a statement that the primary objective of the central bank was to maintain price stability and promote “orderly and balanced” economic development.

“There appears to be no consensus on the definition of price stability and on the role of the nominal exchange rate in the conduct of monetary policy,” the fund said.

It said the perceived multiplicity of objectives can risk overburdening monetary policy, spur policy inconsistencies, and potentially undermine the central bank’s ability to anchor inflation expectations.



“Announcing a medium-term inflation objective will prove instrumental in the implementation of a new policy framework.

“An inflation objective of about three per cent could serve as the foundation for the BOM’s (Bank of Mauritius‘s) policy actions and communication,” the IMF said.

The Indian Ocean island nation is trying to diversify its economy away from sugar, textiles and tourism into offshore banking, business outsourcing, luxury real estate and medical tourism.




credit: thenation
Attachments
imf.gif
imf.gif (7.23 KiB) Viewed 157 times


Return to “Enter forum disscussion”

Who is online

Registered users: Google [Bot], Majestic-12 [Bot]

Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the Publisher's views.

Login · Register

In total there are 17 users online :: 2 registered, 0 hidden and 15 guests
Registered users: Google [Bot], Majestic-12 [Bot]
Most users ever online was 93 on Mon Jun 13, 2016 4:31 pm
Total posts 25960
Total topics 25740
Total members 1414
Our newest member Andreaasper
No birthdays today