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Fiji Time: 12:28 PM on Saturday 30 August

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RBF reflects on positive growth

By GERALDINE PANAPASA
Friday, April 25, 2014

Update: 4:35PM THE recent upward revision of the 2014 gross domestic product (GDP) projection for the Fijian economy is a reflection of continued buoyant domestic conditions, says Reserve Bank of Fiji governor Barry Whiteside.

In a statement today, he said those conditions had facilitated the government's expansionary expenditure plans and present accommodative monetary policy stance of the central bank.

Meanwhile, he said the RBF board agreed that the present monetary policy stance remained appropriate and maintained the overnight policy rate at 0.5 per cent.


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