These institutional provisions reflect the key insights gained by academic research and policy experience over the past decades that price stability is a necessary condition for sustainable growth and job creation and that monetary policy decisions are best placed in the hands of an independent central bank. Central bank independence is key for monetary policy to be credibly and effectively geared to price stability.
BSP Life and BSP Bank have also been key partners, along with other stakeholders, in the Reserve Bank of Fiji’s ongoing efforts to promote financial inclusion and financial literacy in Fiji.