The Reserve Bank of Fiji (RBF) Board has maintained the overnight policy rate at 0.25 per cent.
Governor and chairman of the Board, Ariff Ali, said, “the International Monetary Fund’s recent downgrade of the global growth forecast for 2023 revealed the emergence of economic fragilities, which, when coupled with persistent inflation dampened domestic development prospects.”
Domestically, some sectoral indicators under observation reflected softer performance in the recent month, he said.
To read more, click on this link to access the full article and details:
https://eedition.fijisun.com.fj/subscriptionplans
Story By: Frederica Elbourne
Feedback: frederica.elbourne@fijisun.com.fj