These priority areas are – Firstly, managing operational risk from third-party service providers; Secondly, mitigating cyber risks; and Thirdly, monitoring macro-financial risks that could emerge as fintech activities increase. The Bank of Mauritius is currently enhancing its supervisory guidelines in line with the recommendations of the Financial Stability Board.
Other asset prices, such as the cost of new houses, form part of the Bank of Canada’s core measure of consumer prices, and are therefore taken into account directly. So clearly, movements in asset prices do play a role and are taken into consideration when we set monetary policy.