Overnight rate remains at 0.5 per cent

RBF Governor Ariff Ali. Picture: FT FILE

THE OVERNIGHT policy rate will remain at 0.5 per cent, the Reserve Bank of Fiji Board agreed at its meeting yesterday.
RBF Governor and board chair Ariff Ali said in a statement following the board meeting there was movement in the forestry and mining sectors in the first quarter of the year.
He added buoyant tax collections reflected firm domestic demand.
“Despite these recent developments, the outlook for the Reserve Bank’s twin monetary policy objectives remains intact,” a statement from the RBF said.

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