Fiji Times Saturday 30 September 2017 FIJI’S foreign reserves are said to have reached $2445.1 million this month, which according to the Reserve Bank of Fiji, is equivalent to 6.1 months of retained imports of goods and non-factor services.
Central bank governor Ariff Ali said growth prospects for the year were slightly upward biased following the base effects from the lower-than-expected growth outturn last year.
Mr Ali said lower growth in 2016 was underpinned by weaker performances in the agriculture, forestry, real estate, accommodation and food services, transport and storage, and financial and insurance activities sectors.
He said so far, sectoral performances remained mixed while aggregate demand continued to be buoyant, boosted by ongoing consumer and business optimism and the positive impact from the 2017-2018 National Budget policies.
Meanwhile the RBF board met on Thursday and decided to maintain the overnight policy rate at 0.5 per cent. Read more…
