The Reserve Bank of Fiji kept its overnight policy rate on hold at 0.5 percent at its March 2017 meeting. Policymakers said the decision was in line with efforts to supports economic growth while safeguarding macroeconomic stability. The Bank’s twin monetary policy objectives are expected to remain intact. The current higher inflation continues to be driven by supply shortages of market items resulting from adverse weather conditions and consistently high yaqona prices, post Tropical Cyclone Winston. Given the recent outcomes, the year-end inflation forecast is now expected to be around 3 percent. Interest Rate in Fiji averaged 0.53 percent from 2010 until 2017, reaching an all time high of 2.50 percent in December of 2010 and a record low of 0.50 percent in January of 2011.
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In Fiji, the interest rates decisions are taken by the Reserve Bank of Fiji. The official interest rate is the Overnight Policy rate. This page provides – Fiji Interest Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Fiji Interest Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.