RBF announces relaxation of monetary policy

The Reserve Bank of Fiji announced a relaxation of monetary policy. The monetary policy easing is in line with the Reserve Bank's assessment that financial pressures have eased and that risks to the economic outlook and to foreign reserves have abated somewhat. Fiji's foreign exchange reserves are currently over $800 million with projections showing reserves still around this comfortable level at year-end. With the outlook for foreign reserves more secure, and underlying inflation pressures s