We develop the formalism for the one-loop no-boundary state in a cosmologic
al model with fermions. We use it to calculate the reduced density matrix f
or an inflaton field by tracing out the fermionic degrees of freedom, yield
ing both the fermionic effective action and the standard decoherence factor
. We show that dimensional regularisation of ultraviolet divergences would
lead to an inconsistent density matrix. Suppression of these divergences to
zero is instead performed through a non-local Bogoliubov transformation of
the fermionic variables, which leads to a consistent density matrix. The r
esulting degree of decoherence is less than in the case of bosonic fields.
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