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Fijian economy on track to achieve another growth

November 30, 2018 2:39 am

The Reserve Bank says the Fijian economy remains on track to achieve its ninth year of economic expansion this year.

Governor Ariff Ali says the sectoral performances so far this year have been generally positive, attributed to the favorable outcomes noted for visitor arrivals, electricity generation and timber production.

Core inflation for last month remained below two percent.

Inflation is expected to subside to around 3.5 percent next year and three percent in 2020.

Ali says given the recent developments and outlook for the economy, the current accommodative monetary policy stance remains appropriate.

The RBF has maintained the Overnight Policy Rate at 0.5 percent.