20 February 2020 – The Reserve Bank of Fiji has published the Economic Review for the month ended January 2020.
Some highlights of the report are:
- Commercial bank’s new lending for investment purposes declined by 16.7% last year.
- Annual inflation fell further to -0.9% in December 2019, lower than the -0.3% in November and the 4.8% recorded in December 2018.
- Liquidity remained adequate in 2019, between the uneven distribution of funds across banks, demand deposits declined over the month in December by 1.8% to $603.7million and as of 30 January, liquidity stood at $675.2million.
- Over the month, the Fiji dollar strengthened against the USD(2.2%), JPY(1.5%) and the EURO (0.3%) but weakened against NZD(-2.5%) and AUD(-1.1%).
- The economy is anticipated to grow by a lower 1.7% in 2020, from a 1.0% anticipated growth last year.
View full review here.
