This publication, which explores associations between banking policies and practices with the level of financial access in the selected countries, had its world-wide launch at the Bank of Mauritius Headquarters in November 2008. Monetary policy The exceptional capital inflows at the beginning of 2008, to which I alluded earlier, put significant pressure on monetary matters for our small economy.
They cause the rupee to appreciate and fuelled the rising rate of price inflation, already affected by the unprecedented spike in oil prices and the steady increase in prices of food and commodities. The Bank was therefore confronted with the combined challenge of combating inflation and preserving the competitiveness of the export-oriented sectors.