This consists of the banking, insurance, superannuation and foreign exchange industries. In 2009, our role was extended to include the capital markets industry. The Reserve Bank of Fiji’s main role in this area is to maintain a stable and sound financial system that is fundamental to the country’s wellbeing.
All else being equal, higher expected rates of inflation will intensify pressure for increases in wages and other costs and thus raise actual inflation. The objectives and performance of monetary policymakers over the long run are key determinants of these expectations. 3. Supply shocks, such as changes in energy prices, food prices, or import prices.