The Fiji Times, 23 February 2018 – The Reserve Bank of Fiji Board left the Overnight Policy Rate unchanged at 0.5 per cent in its monthly meeting on February 22.
In announcing the decision, the Governor and Chairman of the Board, Ariff Ali, stated that “domestic economic activity rebounded strongly last year led by ongoing Tropical Cyclone Winston rehabilitation spending as well as accommodative monetary and fiscal policies which boosted aggregate demand. Notwithstanding any shocks, 2018 should be the ninth consecutive year of positive growth. Robust aggregate demand supported by higher private and government spending should continue to be the main catalyst of growth together with additional gains projected for tourism and recovery in traditional sectors such as forestry and gold.” Read more…
