Rattan Chand Khushiram, an avid contributor on economic issues, better known under the pen-name RChand. Headed the Economic Analysis and Research (EARS) unit of the ex-MEPD and was till recently, Director of the Research and Sustainability Division (ReSD) at the Ministry of Finance and Economic Development (MOFED)
Wednesday, December 29, 2021
A quest for genuine secularism !
Thursday, December 23, 2021
Jugutpal, ever heard of ministerial responsibility ?
Friday, December 17, 2021
No, Mr Governor, the Bank Of Mauritius should behave responsibly!
(Revised version, published in l'express of 27 Dec 2021)
In a statement to the press recently, the Governor affirmed that “The Central Bank(CB) does not currently require any capitalization and can conduct its monetary policy without any financial constraints…”
You recall that the exceptional Rs 60 billion of money creation by the Bank Of Mauritius (BOM) to finance a higher budget deficit -the monetary deficit financing as opposed to Quantitative Easing(QE) by many countries-was met with disapproval from the IMF-“The monetizing of deficits has undermined the ability of the BOM to keep inflation under control “ .