Titbits:Propositions indécentes; Learning to unlearn; Excess liquidity and reform of the sector and Receding inflation risks

Propositions indécentes

The document ‘Prospects for Agricultural Markets and Income in the EU 2013-2023’ apprises us of the European Union proposal to wind up the sugar quota scheme by 2017 which will lead to a reduction in the EU domestic sugar price and EU sugar imports and that in the long term EU will be moving closer to full self-sufficiency and to being an occasional net exporter. EU sugar beet production is projected to expand in the coming decade and additional volumes will be used mainly to produce sugar rather than ethanol. The expiry of the sugar quota system in 2017 is part of the 2020 Common Agricultural Policy,(CAP).

Repo rate unchanged: Wise decision but......

The decision of the 32nd Monetary Policy Committee (MPC) to keep the Key Repo Rate (KRR) unchanged at 4.65 per cent per annum was a wise decision. Much of the wrangle between the Ministry of Finance and the Bank of Mauritius, for the moment at least, is misplaced. Instead of throwing stones at each other's glasshouses, they need to work together to mop up the excess liquidity in the banking system and strengthen the financial sector.