In this regard, monetary policy hits a road-block in achieving at once price stability and financial stability.
The range of Islamic financial products is set to expand further with HSBC Amanah starting operations here early this month and the expected launch of two other full-fledged Islamic banks soon. The development of Islamic finance in Mauritius forms part of our strategy to become a world-class financial centre, offering a whole range of financial services at a competitive price to an international clientele.