So he said on Radio+ a few minutes ago. He finds this the more surprising given that the banking system has been witnessing excess liquidity for some time now. Government could instead have borrowed locally. What does the FS have to say about this?.
He also mentioned that he enjoyed working as Governor with Paul Berenger in Cabinet as the latter never meddled in the affairs of the Bank of Mauritius. Give us a break!
He also mentioned that he enjoyed working as Governor with Paul Berenger in Cabinet as the latter never meddled in the affairs of the Bank of Mauritius. Give us a break!
Nawaz said he will ask the current FM about this borrowing frenzy. Let's hope he does.
ReplyDeleteWill PJ know what to say though?
He joined the MMM because that was the only party which contacted him after he left the BOM. By God, Party Malin missed a darn good opportunity to get an expert in "radioactivity" on board.
ReplyDeleteI heard him agree that the MPC should be staffed by people of a certain calibre and he suggested that we could get people from the University of Mauritius.
ReplyDeleteI would prefer people who know how the economy works and in which direction it should be steered rather than people who are little else than political nominees with an axe to grind. I don't think I will keep KC on that list now. But for sure Basant Roi would not get my recommendation.
Also he seems to disagree about the choice of Alan Budd in reviewing the operations of the MPC claiming that you get a consultant to write what you want done when you don't want to do it yourself. Interesting comment. So, Nicky Tan wrote his report while sitting on Basant Roi's lap?
He's gotten quite negative and absurd since his contract at the BOM was not renewed (and since he joined the MMM): he now seems to be happy that our banks have become lazy. That's after saying that he would not have increased the repo rate while inflation rearing its ugly head again. Dapre lord liena enn bon kamizol de sekirite sa.
The ex-governor Uncle has a secret overseas Top Job he couldn't disclose for fear of people sending anonymous letters ruining his clean reputation.
ReplyDeleteIs he working for the Chinese government? They are strong currency devaluation I hear!
The break may never come...
ReplyDeleteNow what - a U-turn on inflation-targetting?
ReplyDeleteTchommbo! The self-proclaimed fan of Mervyn King is at it again.
ReplyDelete