Noteworthy also is that over the last two years, the African continent has demonstrated interest in creating an Islamic capital market via initiatives for issuance of Sovereign Sukuks in a few countries including Nigeria, Kenya, South Africa and Senegal. As of date, two countries have successfully issued their Soveriegn Sukuks namely Sudan and Gambia.
It considered that at the current levels of ECB interest rates, price increases as measured by the HICP would continue to remain compatible with the Eurosystem’s announced definition of price stability over the medium term. Let me explain the current assessment in the context of the stabilityoriented monetary policy strategy.