•  The first Audited Annual Report of the HSF has been prepared and has been submitted to Parliament; the Central Bank has also prepared quarterly reports that are sent to the HSF Board. •  Pending the appointment of the external managers, the HSF Board has approved a transitional investment plan that’s currently being implemented by the Central Bank.
One factor that has contributed to the low inflation outcomes is the fall in oil prices. But a more fundamental influence has been the low wage increases in most advanced economies. In a number of these economies, including the United States, Japan, Germany and the United Kingdom, the low wage increases have coexisted with fairly strong employment growth and not-so-strong output growth.