Helder Lopes on Timor-Leste’s transformation now the oil has run out
BCTL governor speaks about dollarisation, the Petroleum Fund, Asean membership, digitalisation and financial deepening
How does BCTL manage inflation under a dollarised economy, and what effect have recent fluctuations in the US dollar and uncertainties around Federal Reserve policy had?
In a dollarised economy like Timor-Leste, we do not have a conventional independent monetary policy with its own policy rate or exchange rate instrument. In practice, inflation management relies more on macro-financial surveillance, reserve adequacy, banking system liquidity oversight, payment-system efficiency and close policy
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