RBF Review – 12th July, 2019
Global economic prospects report downgraded its global growth forecast to 2.6% in 2019 from the 2.9% that was projected in Jan.
– Visitor arrivals increased by 6.5% in the year to May due to higher arrivals from NZ, Japan, the US, Australia and the Rest of Asia.
– New consumption lending by commercial banks’ rose by 7.8% in the year to May and new bank lending for investment purposes declined by 20.1%.
– Annual inflation was 2.1% in May unchanged from April but lower than the 5.1% in May last year.
– Liquidity fell by 10.2% in May to $323.2m on account of a decline in foreign reserves.
– In May, the Fiji dollar strengthened against the NZ dollar (+1.4%) and Australian (+1.0%) but weakened against the US (-1.05%), Japanese Yen (-2.9%) and the Euro (-0.6%). Read more…
– New consumption lending by commercial banks’ rose by 7.8% in the year to May and new bank lending for investment purposes declined by 20.1%.
– Annual inflation was 2.1% in May unchanged from April but lower than the 5.1% in May last year.
– Liquidity fell by 10.2% in May to $323.2m on account of a decline in foreign reserves.
– In May, the Fiji dollar strengthened against the NZ dollar (+1.4%) and Australian (+1.0%) but weakened against the US (-1.05%), Japanese Yen (-2.9%) and the Euro (-0.6%). Read more…
