MONETARY POLICY STATEMENT BY THE GOVERNOR OF THE BANK OF PAPUA NEW GUINEA, MR. LOI M. BAKANI
Objective of Monetary Policy
The objective of monetary policy in Papua New Guinea (PNG) is to achieve and maintain price stability. This entails low inflation supported by stable interest and exchange rates. The maintenance of price stability leads to:
- Confidence in the kina exchange rate and management of the economy;
- A foundation for stable fiscal operations of the Government;
- Certainty for businesses to plan for long-term investment; and
- A stable macroeconomic environment conducive to economic growth.
(The above is an excerpt from the report – for full report see below)
Download: [xss_link href=”/wp-content/uploads/2012/05/December-2011-Quarterly-Economic-Bulletin.pdf” title=”Bank of PNG December 2011 Quarterly Economic Bulletin” color=”blue”]Bank of PNG December 2011 Quarterly Economic Bulletin[/xss_link]
Download: [xss_link href=”/wp-content/uploads/2012/05/Monetary-Policy-2012.pdf” title=”Monetory Policy Statement by Mr. Loi M. Bakani – Governor Bank of Papua New Guinea” color=”blue”]Monetary Policy Statement April 2012[/xss_link]
Download: [xss_link href=”/wp-content/uploads/2012/10/Press_Release_by_the_Governor_Mr__Loi_M_Bakani_on_the_June_2012_Quarterly_Economic_Bulletin.pdf” title=”Bank of PNG Quarterly Economic Bulletin JUNE Quarter 2012″ color=”blue”]Bank of PNG June 2012 Quarterly Economic Bulletin[/xss_link]
Download: [xss_link href=”/wp-content/uploads/2012/10/Sept_2012_MPS_Final.pdf” title=”Monetory Policy Statement by Mr. Loi M. Bakani – Governor Bank of Papua New Guinea” color=”blue”]Monetary Policy Statement September 2012[/xss_link]
Download: [xss_link href=”https://lcci.org.pg/wp-content/uploads/2013/05/Policy-Statement-2013.pdf” title=”Monetory Policy Statement by Mr. Loi M. Bakani – Governor Bank of Papua New Guinea” color=”blue”]Monetary Policy Statement March 2013[/xss_link]