Rameswurlall Basant Roi: Acceptance speech - 2017 Central Bank Governor of the Year Award for Africa Acceptance speech by Mr Rameswurlall Basant Roi, Governor of the Bank of Mauritius, for the 2017 Central Bank Governor of the Year Award for Africa, Port Louis, 7 April 2017.
Based on the FOMC’s behavior in past recessions, one might think that such a  14  If the FOMC were to again increase the size of the balance sheet markedly in response to a future recession, then the ability to pay interest on reserves could be critical during the subsequent recovery period to help control short-term interest rates while the balance sheet remains elevated.