The announcement has of course affected the markets; other measures have had a similar impact in the past. No one would dispute that a central bank can temporarily influence yields by announcing its intention to intervene in the markets. But we cannot measure the success of central bank policy by short-term reactions on the markets.
On 29 March 2018, the bank in collaboration with Bloomberg launched an E-Bond trading and market surveillance system, which is a new electronic trading system for Mauritian government bonds. The implementation of E-Bond has brought more efficiency and greater depth to the secondary market in Mauritius.