Let me highlight some factors and risks that raise doubts about the feasibility and desirability of announcing, as a general rule, the likely future path of policy rates: •  The first factor is the uncertainty faced by policy-makers which makes it very difficult, in general and particularly in certain circumstances, to define in a reasonably precise and reliable manner the likely future path of policy rates, or to put it differently, the extent and timing of future adjustments of the monetary policy stance.
The Mutual  Evaluation came in timely such that all recommendations can be consolidated and acted upon. Work is already underway as we  endeavour to close the gaps that have been identified, with the aim of strengthening Seychelles’ reputation and adherence to international best practices. With this dialogue, we look forward to enhancing our repertoire of sustainable solutions.