Furthermore, the Central Bank has a prudential regulation and consumer protection mandate, but is not a competition authority, and that is an important distinction. There is a competition authority in the country, namely the Competition and Consumer Protection Commission, with which the Bank engages and exchanges to the fullest extent of our respective mandates.
Coming in office the new Government has been fast to incrementally recognize issues at hand and now various agencies are gearing up to develop appropriate policy stance to tackle both short and medium term challenges. Central bank on its part continues to support the new Government and is working towards nurturing more effective demand management environment, while encouraging greater fiscal-monetary coordination.