Many spending decisions, such as financing the purchase of a home or businesses’ capital expenditures, depend on longer-term interest rates that are connected to monetary policy through expectations of short-term interest rates over the lifetime of a mortgage or an investment project.
Let me reaffirm that, as a trusted partner in economic development, the Bank of Mauritius is committed to promoting the development and efficiency of all markets, whether the foreign exchange market or the domestic money market and we keep a watchful eye on the stock market and other asset markets. We see a need to add greater depth to the market.