Fiji Interest Rate  2010-2018 | Data | Chart | Calendar | Forecast | News

The Reserve Bank of Fiji left its benchmark interest rate on hold at a record low of 0.5 percent at its June 2018 meeting amid a comfortable outlook for inflation and foreign reserves. Policymakers said that despite the recent softening of economic performance in some of Fiji major trading partner countries, the world economic outlook remain positive. As of 28 June foreign reserves stood at USD 2,139.2 million equivalent to 4.9 months of retained imports of goods and non-factor services and are expected to remain comfortable until the end of the year. On the other hand, domestically, the economy is on track to achieve its ninth consecutive year of growth in 2018, on account of strong aggregate demand, growth in visitor arrivals as well as higher gold and timber production. Interest Rate in Fiji averaged 0.52 percent from 2010 until 2018, reaching an all time high of 2.50 percent in December of 2010 and a record low of 0.50 percent in January of 2011.

Fiji Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-26 05:50 AM Interest Rate Decision 0.5% 0.5% 0.5%
2018-05-31 05:00 AM Interest Rate Decision 0.5% 0.5% 0.5%
2018-06-28 06:30 AM Interest Rate Decision 0.5% 0.5% 0.5%
2018-07-26 03:30 AM Interest Rate Decision 0.5% 0.5%
2018-08-30 06:00 AM Interest Rate Decision 0.5%
2018-09-27 05:00 AM Interest Rate Decision 0.5%

Fiji Money Last Previous Highest Lowest Unit
Interest Rate 0.50 0.50 2.50 0.50 percent [+]
Deposit Interest Rate 3.33 2.82 7.04 1.24 percent [+]

Fiji Interest Rate

In Fiji, the interest rates decisions are taken by the Reserve Bank of Fiji. The official interest rate is the Overnight Policy rate. The RBF has two main objectives for monetary policy which include maintaining price stability and an adequate level of foreign reserves to support growth and improve economic prosperity and welfare for the people of Fiji. This page provides - Fiji Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Fiji Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 2.50 0.50 2010 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 17.75 Jun/18
Mexico 7.75 Jun/18
Russia 7.25 Jun/18
Brazil 6.50 Jun/18
India 6.25 Jun/18
Indonesia 5.25 Jul/18
China 4.35 Jun/18
United States 2.00 Jun/18
Australia 1.50 Jul/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.50 Jul/18
Euro Area 0.00 Jun/18
France 0.00 Jun/18
Germany 0.00 Jun/18
Italy 0.00 Jun/18
Netherlands 0.00 Jun/18
Spain 0.00 Jun/18
Japan -0.10 Jun/18
Switzerland -0.75 Jun/18