Press Releases 20-
RBF Board Leaves Interest Rate Unchanged
Press Release No. : 20/2006
Date : 04 September 2006
The Board of the Reserve Bank in its meeting on Friday 1st September 2006 decided to leave interest rate unchanged. The Governor and Chairman of the Board, Mr. Savenaca Naurbe said that “The impact of the increases in rates this year and the rise in the statutory deposits of commercial banks is still working itself out in the financial market and the Bank is monitoring these developments closely”.