The Bank has adopted a conservative and prudent approach to investing the reserves, guided by a clear governance framework and investment policy. The investment policy captures the objectives, rationale and the risk tolerance of the Bank for holding these reserves. The inherent risks in reserves management are mitigated by well-defined investment guidelines.
I would therefore like to see government resist any further expansion in the fiscal deficit beyond what is currently projected. In fact, I expect that the consolidation of the debt position is very high on the government agenda.