Even my predecessors have reiterated on this point in their previous addresses. Let me reassure you that we operate within the parameters of the Bank of Mauritius Act and assume our duties and responsibilities independently. The Act grants the Bank operational independence to implement its policies.
Section 12 of the Act states that “the Board of Directors … in the exercise of their functions, shall not be subject to the direction or control of any other person or authority”. I take this opportunity to thank all my Board Members for having displayed an independence of thoughts and for their guidance and support.