Seychelles central bank moves towards inflation targeting

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The Central Bank of Seychelles (CBS) has outlined plans to buttress price stability in the country, moving towards an explicit inflation target and strengthening its oversight of the financial system.

Caroline Abel, governor of the central bank, called the changes a "significant milestone" in the CBS' 35-year history. "I believe its implementation will transform CBS such that it continues to be a leading public institution locally and becomes a model central bank in the region," she wrote in the

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