Those opposed said that the benefits of adopting a target were unlikely to be large, that adopting a target might bias or constrain policy, and that it might appear - and I stress the word "appear" - to be inconsistent with the Fed's dual mandate to promote price stability and maximum employment.
* * * Honourable Pravind Kumar Jugnauth, Prime Minister Honourable Deputy Prime Minister Honourable Ministers Board directors of the Bank of Mauritius Your Excellencies Members of the Diplomatic Corp His Lordship, The Lord Mayor of Port Louis Former Governor, Present and Former Deputy Governors Chairman of the Mauritius Bankers Association Chief Executives of Regulatory Authorities, Banks, and Other Financial Institutions Members of the Press Ladies and Gentlemen Good afternoon.