We may also be looking at a revamping of the financial regulatory landscape with the potential merger of the Financial Services Commission and the Bank of Mauritius and we shall be guided by the expert advice of consultants in the field. 53. Let me summarise about how we have fulfilled our mandate this year.
On the inflation front, we achieved a signal success – we have witnessed historically-low rates of inflation in the past two years. Our country has witnessed an annual pre-crisis growth rate of 5 percent on average – our biggest challenge would be to achieve higher growth rates. Our banks are healthy, profitable and well-capitalised, and we are ready to move to Basel III.