But it is likely that the 2/5  BIS central bankers' speeches  unemployment rate will remain above 6 per cent over the next couple of years. With many firms delaying or cancelling wage increases, year-ended wage growth is expected to decline to below 2 per cent, before gradually picking up again.
It is, therefore, of paramount importance to ensure that regulatory and supervisory structures are constantly adapted to changing technologies and business models for them to remain effective. At the level of the Bank of Mauritius, our approach has been characterized by open minds and open door policy.