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 August 2018 meeting amid a comfortable outlook for inflation and foreign reserves. Policymakers said that domestic economic conditions remain robust, led by positive performance in sectors such as tourism, gold, and timber. Private consumption remain strong as noted from annual growths registered such as net value added tax collections, new consumption lending, and private vehicles registrations. Investment is expected to improve supported by the higher budgeted capital expenditure by government for 2018-2019. Core inflation remains low at around 1.5 percent and inflationary pressures from higher duties and commodity prices are expected to subside from 2019. As of 23 August foreign reserves stood at USD 2,152.6 million equivalent to 5 months of retained imports over the medium term. In the external sector, major trading partners are expected to note positive growth. 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
2018-05-31 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%
2018-08-24 02:45 AM Interest Rate Decision 0.5% 0.5% 0.5%
2018-09-27 05:00 AM Interest Rate Decision 0.5% 0.5%
2018-10-25 04:30 AM Interest Rate Decision 0.5%
2018-10-30 06:00 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 September 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
Argentina 60.00 Sep/18
Turkey 24.00 Sep/18
Mexico 7.75 Aug/18
Russia 7.50 Sep/18
Brazil 6.50 Sep/18
India 6.50 Aug/18
South Africa 6.50 Sep/18
Indonesia 5.50 Aug/18
China 4.35 Aug/18
Saudi Arabia 2.50 Aug/18
United States 2.00 Aug/18
Australia 1.50 Sep/18
Canada 1.50 Sep/18
South Korea 1.50 Aug/18
Singapore 1.06 Aug/18
United Kingdom 0.75 Sep/18
Euro Area 0.00 Sep/18
France 0.00 Sep/18
Germany 0.00 Sep/18
Italy 0.00 Sep/18
Netherlands 0.00 Sep/18
Spain 0.00 Sep/18
Japan -0.10 Sep/18
Switzerland -0.75 Sep/18