The Reserve Bank of Fiji has published the Economic Review for the month ended August 2019.
Some highlights of the report are:
- New investment lending by commercial banks fell by -25.9% cumulative to July due to a decline in lending to both the real estate and new lending by commercial banks for consumption purposes declined by -1.5%.
- Annual inflation fell by 0.7% in July lower than the 2.8.1% in June but lower than the 4.7% in July last year.
- Liquidity grew by 16.7% in July to $506.6m due to the increase in foreign reserves (and anecdotal information that there has been slower lending from banks).
- Over the month of July, the Fiji dollar strengthened against the Australian dollar (+0.9%), Euro (0.9%) and the New Zealand dollar(0.3%) but weakened against the US dollar (-1.0%) and the Japanese Yen (-0.2%)
View the full report here.
