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Inflation to remain below 3 percent: IMF

October 28, 2015 7:20 pm

The International Monetary Fund says Fiji’s inflation is expected to be modest.

While commending on Fiji’s growth momentum; the IMF Mission Chief for Fiji, Roberto Guimaraes says inflation will remain low mainly because of low oil prices.

“Inflation should be close to about 2% to 2.5% – certainly below 3% in our projections depending on whether you looking at averages or where inflation would be at the end of the year.”

The IMF team has been in Fiji since October15th