End of year forecasts for both these key macro-indicators (for which the Reserve Bank is responsible) remain favorable at this time. The medium term outlook for the Fiji economy is also expected to remain positive, notwithstanding any further adverse shocks, with higher growth forecasts of 3.6 percent and 3.2 percent for 2017 and 2018, respectively.
One of these is the establishment of a real time, on-line comprehensive database of financial statistics otherwise known as the Electronic Data Interchange. This facilitates the flow of information from the commercial banks directly into the Central Bank’s database.