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Bank of PNG – March 2014 Quarterly Bulletin

Bank of PNG – March 2014 Quarterly Bulletin Executive Summary Papua New Guinea’s economy continued to grow for the thirteenth consecutive year in 2013 and inflation remained below forecasts. On account of low international commodity prices and high demand for imported goods and services, the kina depreciated against the major currencies to the benefit of […]

Bank of PNG Report Update March 2013

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 […]

Bank of PNG Report Update 2012

QUARTERLY ECONOMIC BULLETIN – DECEMBER QUARTER 2011 Mr. Loi M. Bakani, Governor of the Bank of Papua New Guinea (Bank of PNG), today released the December 2011 Quarterly Economic Bulletin (QEB). This statement provides an overview of the economic and financial developments for the December 2011 quarter and the developments since December 2011. 1. UPDATE […]