Fiji’s central bank holds rates amid trade uncertainty

Tax and energy rises are boosting inflationary pressures, central bank board says

Suva, capital of Fiji

Risks to Fiji’s macroeconomic outlook in the medium to long term prevented the country’s central bank from altering its monetary policy this month.

The board of Fiji’s central bank left its policy rate unchanged at 0.5% after its monetary policy meeting on August 23.

There were no “immediate threats” to the Reserve Bank of Fiji’s twin objectives, the board said in a statement, but the board said it had some concerns about medium- and long-term risks, especially to trade.

“While all our major

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