The acronym is self-explanatory: Empowerment and Development through Global financial markets’ Education. I am also aware of GBOT’s efforts to familiarize operators with hedging. Much ink has been spilt on this issue of hedging in the local press in the wake of the unfortunate events at Air Mauritius and the State Trading Corporation.
And the higher the risk of long-term inflation expectations straying away from our inflation target of 2%. This must be prevented! We also need to look at the Eurosystem’s high bond holdings. They continue to exert considerable downward pressure on bond yields in the euro area.