The reasons for which we are re-launching the sale of Treasury Bills and Treasury Notes directly to the public are manifold. As you would already know, the Honourable Rama Krishna Sithanen, Deputy Prime Minister, Minister of Finance and Economic Development announced in his 2007/08 budget speech that the Bank of Mauritius will re-launch the retail sale of Treasury Bills/Treasury Notes directly to the public.
While no detailed information is available as yet, the recent rise in annual inflation rates is likely to mainly reflect a strong base effect in the energy component resulting from the marked decline of oil prices a year ago. Moreover, recent oil price increases have exerted additional upward pressure.