In order to secure stability in domestic prices, the Central Bank of Seychelles has decided to maintain a tight policy stance for the third quarter of 2018, a top official said on last week
The governor of the Central Bank of Seychelles (CBS), Caroline Abel, said that the decision was taken due to the fact that inflation is expected to pick due to external as well domestic factors.
“There is an increase in food prices globally and since we import the majority of our goods there will be an impact on the local prices,” said Abel.
She added that another important commodity is fuel. “The last analysis done in June showed that there is an increase in fuel prices….
Source: Seychelles News Agency
