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Fiji Interest Rate


ক্যালেন্ডার GMT আসল পূর্ববর্তী ঐক্যমত্য
2019-07-25 05:30 AM 0.5% 0.5%
2019-09-01 11:00 PM 0.5% 0.5%
2019-09-26 05:30 AM 0.5% 0.5%
2019-11-28 04:40 AM 0.5% 0.5%
2020-02-01 06:00 AM 0.5%


News Stream
2019-09-26
Fiji Keeps Interest Rate at 0.5% in September
The Reserve Bank of Fiji held its benchmark interest rate at 0.5 percent during its September meeting, saying that the moderation in the global and domestic economy and comfortable level of inflation and foreign reserves warrants the continuation of the accommodative monetary policy stance. Policymakers noted that latest indicators point towards a slowdown in the domestic economy due to weak sugar, gold and timber output. Meantime, higher tourism earnings and strong remittance inflows have further strengthened Fiji’s external position. Year-end inflation is now expected to be 2.0 percent, a downward revision from the 3.0 percent projected earlier. The central bank reiterated that it will continue to closely monitor international and domestic developments and align monetary policy accordingly.

2019-09-01
Fiji Holds Policy Rate at 0.5%
The Reserve Bank of Fiji held its benchmark interest rate at 0.5 percent during its August meeting, saying that the moderation in the global and domestic economy and comfortable level of inflation and foreign reserves warrants the continuation of the accommodative monetary policy stance. Policymakers noted that latest indicators point towards a slowdown in the domestic economy due to weak private sector credit growth as well as labour demand, and voiced concerns about the escalating trade impasse between the US and China.

2019-07-25
Fiji Holds Key Interest Rate at 0.5%
The Reserve Bank of Fiji left its benchmark interest rate unchanged at a record low of 0.5 percent at its July 2019 meeting, saying the current monetary policy was appropriate to support the economy. Policymakers said that the slowdown in consumption spending and investment is consistent with the lower growth forecast for this year. Domestic demand, expanded over the review period, despite at a softer rate supported by higher inward remittances, tourism earnings and private sector credit growth. The Committee noted that the annual inflation rate eased to 2.8 percent in June from 4.6 percent in June last year, and added that it is projected to be around 3.2 percent by the end of the year. Foreign reserves as at the end of June stood at USD 1,974.2 million, sufficient to cover 4.5 months of retained imports. The central bank reiterated that it will continue to closely monitor international and domestic developments and align monetary policy accordingly.

2019-06-27
Fiji Keeps Key Rate at 0.5% in June
The Reserve Bank of Fiji left its benchmark interest rate unchanged at a record low of 0.5 percent at its June 2019 meeting, saying the current monetary policy was appropriate to support the economy. Policymakers said that the economic growth is projected to 2.7 percent for this year driven by tourism and electricity, despite the recent weak outcomes in the mining and timber industries. The Committee noted that the annual inflation rate fell to 2.1 percent in May from 5.1 percent in May last year, mainly due to cost of food and non-alcoholic beverages, transport, and added that it is projected to be around 3.2 percent by the end of the year. The central bank reiterated that it will continue to closely monitor international and domestic developments and align monetary policy accordingly.

2019-05-30
Fiji Leaves Monetary Policy Unchanged
The Reserve Bank of Fiji left its benchmark interest rate unchanged at a record low of 0.5 percent at its May 2019 meeting, saying the current monetary policy was appropriate to support the economy. Policymakers said that the domestic economic growth is projected to slow this year, owing to the moderation in recent economic activity, the current slowdown in global economic growth and the expected fiscal consolidation by the government. The Committee noted that the annual inflation rate fell to 2.1 percent in April from 4 percent in March mainly due to cost of food and non-alcoholic beverages and added that it is projected to be around 3.5 percent by the end of the year. The central bank reiterated that it will continue to closely monitor international and domestic developments and align monetary policy accordingly.

2019-04-26
Fiji Leaves Monetary Policy Unchanged
The Reserve Bank of Fiji left its benchmark interest rate on hold at a record low of 0.5 percent at its April 2019 meeting, saying the current monetary policy was appropriate to support the economy. The economic growth is expected to slow this year, owing to the moderation in recent domestic economic activity and the current slowdown in global economic growth. Headline inflation in March fell to 4 percent from 5.1 percent in February. The bank highlighted that risks from higher global fuel price on inflation and balance of payment are being closed monitored. Foreign reserves as at 25 April stood at USD 1,932.4 million, sufficient to cover 4.1 months of retained imports. The central bank reiterated that it will continue to closely monitor international and domestic developments and align monetary policy accordingly.

ফিজি টাকা শেষ পূর্ববর্তী সর্বোচ্চ অধম ইউনিট
সুদের হার 0.50 0.50 2.50 0.50 শতাংশ [+]
আমানতের সুদের হার 3.33 2.82 7.04 1.24 শতাংশ [+]
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