The Bank raised its key policy interest rate to 3 per cent on 18 October. In line with our outlook, some further reduction of monetary stimulus will be required to maintain a balance between aggregate supply and demand over the next four to six quarters, and to keep inflation on target. Short-term risks to this projection appear to be balanced.
*** Professor Florens Luoga, Outgoing Chairperson and Governor of the Bank of Tanzania; Dr. Alfred Hannig, Executive Director of the Alliance for Financial Inclusion; Governors and Deputy Governors; Ladies and Gentleman; Good afternoon. Allow me to take this opportunity to appreciate the confidence you, as fellow leaders of the African Financial Inclusion Policy Initiative (AfPI), have entrusted to the Central Bank of Seychelles.