It is also important to note that unemployment has larger, first order consequences for income distribution than either the interest rate or the exchange rate. But these distributional effects of monetary policy have always been present. Why is this so much more of a threat to central bank independence today? One plausible explanation is the lower level of nominal growth, and particularly wage growth.
We recall that the risk assessment was carried out with technical support from the EU-funded Global AML/CFT Facility Consultants, our partner on our AML/CFT journey. The results of the risk assessment show that the overall inherent risk of terrorist financing abuse of NPOs in Mauritius is Low-Medium.