It is being established under Section 54 of the Bank of Mauritius Act 2004, with specific responsibility for the formulation of monetary policy. In addition to the Executive side, comprising myself as the Chairperson and my two Deputy Governors, the MPC has two Board Directors and three external members with experience in the field of economics, banking and finance.
In the past several years, research staff across the Federal Reserve System who were independently exploring issues related to community banking have developed an informal network to share findings and identify areas for further research.