Mauritius plans new monetary policy framework

The governor of the Central Bank of Mauritius said Wednesday 27 September that the bank will move to a new monetary policy framework next month, the first major shift since 1999.

"I'll be implementing a new monetary policy framework some time in October," Ramesh Basant Roi told Reuters by telephone. "We are still fine-tuning quite a few things in it."

"With the evolution of the market, we thought we should go for a more sophisticated framework," Basant Roi said.

Banking sources were quoted by Re

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