I think that there is no way for us to expect realistically that there will be no job losses  BIS Review 46/2009  5  in Mauritius when our target markets are breaking new records of joblessness with each new batch of data releases.
Prevailing opinion in the Governing Council is,  BIS central bankers’ speeches  1  however, that we have not moved beyond the limits of our mandate with our new instruments. But the longer it takes for countries to do their homework, and the longer the economic crisis persists in Europe, the greater is the danger that the pressure on the ECB will rise.