Progress of microfinance in Fiji As we all know, microfinance has been recognized in many developing countries around the world as a means to alleviate poverty and generate employment. Microfinance contributes to the empowerment of individuals, the development of communities and of the economy. It is for this reason that we have all become so passionate about financial inclusion and microfinance.
There has been no change to the Board’s view that there is little to be gained from lowering the policy rate into negative territory. While a negative rate might lead to a helpful depreciation of the Australian dollar, it could impair the supply of credit to the economy and lead some people to save more, rather than spend more.