Because of this, we are now revising upwards our inflation projection for 2007. We will announce this figure soon. 2  BIS Review 77/2007  •  Lastly, what is happening to exports? The Reserve Bank has emphasized numerous times that the Fiji economy needs to be export led. In this round of review, we will need to reassess the trend in exports.
Importantly, none of these scenarios would be a free lunch: instead of Treasury paying interest, the costs would show up at the SARB, as the price of doing sterilisation operations. 14 Claudio Borio and Piti Disyatat, November 2009, ‘Unconventional monetary policies: an appraisal’,  available at https://www.bis.org/publ/work292.pdf.