Although the unemployment rate is at a 50-year low, wages are rising broadly in line with productivity growth and underlying inflation. We are not seeing any evidence to date that a strong labor market is putting excessive cost-push pressure on price inflation.
I am confident that together we can deliver. Furthermore, the Reserve Bank has been approached by a number of telecommunication operators to offer basic banking service through mobile phones at very affordable prices. These types of services will further enhance the promotion of financial inclusion in Fiji, especially in terms of mobilising the savings and easy access to remittances.