In the wake of the Global Financial Crisis and the COVID-19 pandemic, however, many major central banks have come up against similar constraints on their ability to control short-term interest rates and have shifted toward a strategy of purchasing more assets to apply an easing effect to financial conditions more broadly, including real long-term interest rates.
We don’t need to look far in Fiji to see how a small or even micro business can blossom through hard work over the years to become large successful companies employing many of our citizens. Pure Fiji Limited is a classic case of such a business.