There will then be a period of very low short-term interest rates followed by a gradual adjustment to a level consistent with economic activity.
I agree with Mrs. Mereia Volavola that it was about time that changes were made to the Capital Market Act, Companies Act, Foreign Investment and other legislations to further enhance Fiji’s economic growth. The Minister in his Budget Speech last Friday mentioned that CMDA would study the impact of real time settlement on market trading activities in 2008.