Today’s event is to present to stakeholders the findings of the Government to Persons (G2P) study conducted by the CBSI (Financial Inclusion team) and the United Nations Pacific Financial Inclusion Programme (PFIP) with funding assistance from the Department of Foreign Affairs & Trade, Government of Australia.
As that happened, people and firms began to expect higher inflation – they lost confidence that the central bank would keep inflation in check – and those expectations influenced their decisions, making it that much harder to reverse the rising tide of inflation.