The Bank of Mauritius has every reason to be satisfied with the performance of Standard Bank in our country. We value your contribution to our regular dialogue with the Mauritius Bankers’ Association. We are currently engaged in a sustained dialogue with your bank regarding the development of the domestic bond market, an area where Standard Bank has made a big contribution in Africa.
The annual growth rate of M3 was 5.3% in July 2015, compared with 4.9% in June. Annual growth in M3 continues to be increasingly supported by its most liquid components, with the narrow monetary aggregate M1 growing at an annual rate of 12.1% in July, compared with 11.7% in June. Loan dynamics continued to improve.