In a country like Papua New Guinea, in which domestic supplies in all areas are very scarce and those available are in very short supply; just look at professional, skilled and semi skilled labor, housing, building materials, manufactured goods, etc… the high annual economic growth rates will exhaust domestic supplies and exert inflationary pressures to unprecedented levels.
The bottom 2/3  BIS central bankers' speeches  line is that we are modernizing our financial system communications, to be more nimble and to give these issues the greater visibility that they deserve. With that, Governor Poloz and I would be happy to answer your questions. 3/3  BIS central bankers' speeches