As I noted, real wages have been rising less rapidly than productivity, implying that real unit labor costs have been declining, a pattern suggesting that there is scope for nominal wages to accelerate from their recent pace without creating meaningful inflationary pressure.
The BSP Westfield Branch Ladies and gentlemen, many people would place Lautoka outside the circle of fast developing urban centers in Fiji, by these I mean Suva and Nadi. Your city has,  BIS central bankers’ speeches  1  unfortunately, not really enjoyed the growth seen in these two centers over the last two decades.