The event was held in Rodrigues, and we were pleased to have among us the  6  BIS Review 3/2008  Secretary-General of the Central Bank Governance Forum of the BIS as resource person to share his experience of other central banks on governance matters generally. For the year ended 30 June 2007, the Bank realised an operating surplus of Rs1,763 million.
The same factors have impacted on the annual growth rate of the narrow monetary aggregate, M1, which increased from 7.1% in March to 8.7% in April. The growth of loans to the private sector continued to be weak.