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 April 2018 meeting amid a comfortable outlook for inflation and foreign reserves. The year-end inflation rate is expected to subside. Meanwhile, the foreign reserves remain at comfortable levels. As of 26 April foreign reserves stood at USD 2,180.7 million equivalent to 5 months of retained imports. Meantime, the improving global economy is expected to boost exports, remittances, and tourism receipts. Nevertheless, upswing in commodity prices together with the trade tension between the United States and China, could pose downside risks to the Fijian economy going forward. On the other hand, domestic demand remains firm as reflected by buoyant tax collections, rising bank lending, and optimism revealed in the most recent retail and business expectations surveys. 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
2018-02-22 04:30 AM Interest Rate Decision 0.5% 0.5%
2018-04-03 02:00 AM Interest Rate Decision 0.5% 0.5%
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%
2018-06-28 03:30 AM Interest Rate Decision 0.5%
2018-07-26 03:30 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 May 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 8.00 Apr/18
Mexico 7.50 May/18
Russia 7.25 Apr/18
Brazil 6.50 May/18
India 6.00 Apr/18
Indonesia 4.50 May/18
China 4.35 Apr/18
United States 1.75 May/18
Australia 1.50 May/18
South Korea 1.50 Apr/18
Canada 1.25 Apr/18
United Kingdom 0.50 May/18
Euro Area 0.00 Apr/18
France 0.00 Apr/18
Germany 0.00 Apr/18
Italy 0.00 Apr/18
Netherlands 0.00 Apr/18
Spain 0.00 Apr/18
Japan -0.10 Apr/18
Switzerland -0.75 Apr/18