While oil prices are already well above the assumptions underlying the June projections, optionimplied densities suggest that if oil prices increased only slightly from current levels and remained at that level, headline inflation in 2023 could be 0.4 percentage points higher than under the baseline scenario, bringing medium-term inflation closer to the Governing Council’s aim (left chart slide 16).
The Guideline on Corporate Governance not only draws from lessons learnt from the crisis, but also aims at addressing corporate governance weaknesses identified in financial institutions during on-site examinations conducted by the Bank of Mauritius and which have not been remedied in line with the recommendations of the Bank of Mauritius.