Policy implementation has also gone through several stages before reaching the current Official Cash Rate (OCR) structure. Some degree of change was probably inevitable and even a healthy sign. As the pioneers of the inflation targeting process, it would have been a surprise if all aspects were “right” from day one.
On 20 August, we gathered together 25 leaders from across the country, and with help with Women World Banking, will present the main recommendations to you today. The Bank has, through our participation in the Pacific Island Working Group, reviewed our regulatory environment for consumer protection, the findings of which we will share with you today.