Inflation expectation, which has been low and stable, may increase with higher resource utilization, particularly in labor. Moreover, although firms are likely to continue to restrain labor costs, they may change their attitude with the aim of hiring or retaining skilled workers. These potential changes would exert upward pressure on prices.
This training, therefore, comes at an opportune time, when the implementation of the AML/CFT risk-based approach ranks high on the agenda of all AML/CFT Supervisors in Mauritius. Let me conclude by inviting all participants to ponder upon this statement of the FATF.