again. this is also what is forecast in the main scenario of the report. however, to some extent, it also concerns the effects on inflation which risk becoming more permanent and which may need to be counteracted with monetary policy. when inflation rises and is above the target, as cpi inflation now is, it is important that it is not allowed to become entrenched and become permanently high. the risk of this increases if inflation expectations rise, and that is exactly what has occurred. inflation expectations have risen not just one year ahead, but even two and five years ahead, which is troublesome. the monetary policy decision the upturn in inflation and in inflation expectations in the slightly longer term were also factors that indicated the interest rate should be raised at the monetary policy meeting in february. the forecast in the main scenario of the monetary policy report means that growth will slacken but will still remain good during the forecast period. i personally was slightly more concerned about the problems in the financial markets and the risk of weaker developments abroad, which would of course also affect developments in sweden. as the minutes of the meeting show i was, on the other hand, not quite as concerned about cost pressures as before. wages did not appear to be rising as quickly as the riksbank assumed shortly after the new agreements were met last year. the wage forecasts were also adjusted downwards in the monetary policy report. in addition, my opinion was that the slowdown in productivity growth last year was more comprehensible when the publication of national account statistics for the third quarter showed that output growth had clearly slowed down as early on as at the beginning of 2007. growth in the number of hours worked did not slacken as output growth. this is the normal pattern when growth slackens in that the labour market typically lags behind somewhat in the economic cycle. i therefore assessed that weaker productivity growth indicates that companies will be more restrictive in recruiting labour rather than that we will see rapid price increases in the future. when i weighed together the great uncertainty about developments in the financial markets and the risk for a weaker development abroad with the swedish economic outlook and the risk of inflation in sweden remaining high, my conclusion was that the interest rate should be left unchanged. i would like to emphasise that it should not be regarded as though i wished to attach less weight to the inflation target. it was and is more a question of how much time it will take to bring inflation back on target. i also pointed out that the ri

closing remarks by ms caroline abel governor of the central bank of seychelles 4th esaamlg public - private sector dialogue on aml / cft saturday september 8, 2018 venue : savoy resort and spa ministers and members of the esaamlg council of ministers, permanent secretaries, chairman & members of the task force of senior officials, executive secretary of the esaamlg, private sector participants, ladies and gentlemen, we have come to the end of this 4th esaamlg public sector dialogue on anti money laundering and combatting the financing of terrorism. over the last day and a half, we have gone to great lengths to explore the chosen topics. it has been a great opportunity for us to have a better overview of the extent of the challenges that exist in our jurisdictions and the region. government officials, policy makers and private sector representatives present, have also had the opportunity to make their valuable contributions, share experiences, and propose solutions. all in all, it has been an enriching exchange. it is my sincere hope that as we leave here today, we will endeavour to bring this dialogue back to our respective organisations, and home countries, and further build on the foundation that has already been laid. it is evidently clear that we need to have strong aml / cft frameworks in our countries and the region. however, it is not enough to say so, but we need to work towards achieving this objective. several best practices have been shared, which we can apply or adapt to address our specific situations and challenges. we also have resourceful organisations, like the imf, world bank, the fatf & unodc present here today, and i take this opportunity to call on these partners to assist us. it is imperative that we also have close collaboration between key stakeholders as this is crucial to addressing all of the issues that we have been discussing, because as we have seen these are all cross cutting issues and cannot be dealt with by the government, the law enforcement authorities or the private sector alone. another key message that has come out of this dialogue is the need for increased communication and education. having strong aml / cft frameworks in place would not be effective, if there is no communication and engagement between the concerned partners to address critical issues. to conclude this evening, i would like to express my sincere appreciation to each and everyone who have contributed towards the success of this event. firstly, i would like to thank the esaamlg council of ministers for the