RBF forecasts inflation to reach 2% by the end of 2021 after accounting for elevated external price pressures
Foreign reserves remain at comfortable levels at $3.099 billion

RBF forecasts inflation to reach 2% by the end of 2021 after accounting for elevated external price pressures

Foreign reserves remain at comfortable levels at $3.099 billion

By Vijay Narayan
Thursday 28/10/2021
Suva City.

The Reserve Bank of Fiji forecasts inflation to reach 2 percent by the end of 2021 from -2.6 percent at the end of 2020 after accounting for elevated external price pressures, especially for energy and food.

RBF Governor, Ariff Ali says while domestic inflationary pressures remain contained, for now, the surge in global commodity prices amid persistent supply shortages has filtered through to the prices of some goods and increased the contribution of imported inflation to overall headline inflation.

Meanwhile foreign reserves remain at comfortable levels at $3.099 billion, sufficient to cover 10.7 months of retained imports and are projected to remain adequate in the short to medium term.

The RBF Governor affirms that the RBF will continue to support the economic recovery through its conduct of monetary policy, remain vigilant in assessing evolving domestic and international economic scenarios, and align monetary policy as and when required.

Credit Corp Fiji Care
Credit Corp Fiji Care
FEATURE NEWS
People’s Alliance had proposed for PM’s pay to be maintained at $328,750
The People’s Alliance Party had proposed to the Parliamentary Emoluments Committee for the Prime Minister’s salary to be maintained at $328,750 an...
12 hours ago
LATEST NEWS
Mavericks clinch 108-105 win over Timberwolves in Game 1 of Western Conference Finals
Luka Doncic led a strong finish for the Dallas Mavericks, swishing crucial shots down the stretch, drawing a couple of fouls and even playing strong ...
7 hours ago

FijiFirst submitted proposal similar to the committee recommendation for salary increases
The only opposition party in parliament, the FijiFirst, had proposed an increase in salary of the Leader of Opposition from $120,000 to $200,000, ...
11 hours ago

Crime increases by 73% in April, 14 police officers charged for various offences – Acting COMPOL
There has been a 73 percent increase in overall crime in April this year while serious crimes increased by 65 percent when compared to the same ...
13 hours ago

Nurses buying syringes and needles for patients at public hospital
Serious concerns continue to be raised by Fiji Nursing Association President, Doctor Adi Alisi Vudiniabola on nurses having to buy needles and ...
13 hours ago

Not the right time to increase MPs pay when many Fijians are struggling – Dialogue Fiji
Dialogue Fiji has today expressed its concern and disappointment over the recommendations made by the Parliamentary Special Committee on Emoluments, ...
13 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Ministry of Home Affairs Talanoa Session on Illicit Drugs and Substance Use Disorders in Fiji
The pervasive threat of illicit drugs has emerged as a pressing concern, rapidly infiltrating and destabilizing our society therefore the Republic of ...
7 days ago

Bainimarama and Qiliho hearing in dismissal of 2 police officers case
Acting Director of Public Prosecutions John Rabuku says he wants the hearing of former Prime Minister Voreqe Bainimarama and suspended Police ...
7 days ago

Sayed-Khaiyum case on alleged payment of Saneem's taxes without proper approval
It is alleged that between the 30th of June, 2022 and the 12th of July, 2022 in Suva, whilst being employed in the civil service as the Acting Prime ...
7 days ago

TOP