4. Challenges for policymakers on the African continent  Let me now briefly highlight some of the current challenges confronting monetary policymakers on the continent. Although our continent is diverse with differing experiences and challenges, it is possible to make some general comments.
In 1999 the mission was reformulated as the achievement and maintenance of financial stability. In February 2000, an inflation target set by the government was introduced as the anchor of monetary policy. This entrusted a single ultimate monetary policy objective to the Bank: price stability.