In the new post-Covid global financial architecture that is currently taking shape around us, the potential of the use of CBDCs is, and will be, prominent. It is therefore vital that we are able to adapt ourselves and be ready to act in the most appropriate manner in this new financial architecture. At the Bank of Mauritius, we are already gearing up for this.
Core inflation is also being pushed up by strong demand for housing. All told, core inflation is expected to peak at about 3 per cent by the end of this year.