I think that it will be desirable to change this term as well when the time is opportune. 17  Of course, as inflation has remained low recently, issues are being raised as the effectiveness of BOK’s inflation targeting. This comes from concerns about deflation.
Firstly, given the critical nature of central bank’s operations it is not appropriate to rely solely on the facilities at our primary site in Suva. There is a need to avoid concentration of risk. The Bank will manage its business risks effectively by establishing a back-up site away from the primary location with diversity of supply of power and other utilities.