Mauritius to roll out forward-looking policy framework

Bank of Mauritius
Bank of Mauritius (pictured left) in Port Louis

The Bank of Mauritius will roll out a new monetary policy operating framework in 2020, the governor of the central bank has revealed.

On November 29, Yandraduth Googoolye said the new framework would not only “infuse greater dynamism” into the money market, but also set the basis for a more “reliable” benchmark yield curve. As part of this effort, the central bank is now looking to improve its communication and boost policy transmission.

In 2018, the central bank shifted its operational target

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