Inia Naiyaga: The banking industry in Fiji Opening speech by Mr Inia Naiyaga, Acting Deputy Governor of the Reserve Bank of Fiji, at the one-day Banking Expo organized by the Association of Banks in Fiji (ABIF), Suva, 7 May 2011.
The Fed is expected to continue on a gradual path of interest rate normalization over the medium term. As publicand private-sector borrowing costs in many parts of the world are referenced off US interest rates, a rising US policy rate threatens to push up the cost of capital globally.