While it is true that a lower profile for interest rates may exacerbate household imbalances at the margin by encouraging more borrowing, the far more important effect will be to mitigate those imbalances by cushioning the decline in income and employment caused by lower oil prices.
An important outcome of this initial workshop was the first 5-year National Financial Inclusion Strategy for Fiji (2010-2014), from which the current financial inclusion policy framework was adopted. Since then a collaborative approach has always been taken, with the establishment of the National Financial Inclusion Taskforce and its four working groups (covering financial products and services, financial literacy, data and inclusive insurance).