Regulatory Alerts2026-06-03
Added · Updated
Bank of Papua New Guinea Monetary Policy Announcement June 2026
The Bank of Papua New Guinea’s Monetary Policy Committee maintained the Kina Facility Rate at 5.0 percent and continued its crawl-like exchange rate arrangement following its June 2026 meeting. This decision reflects contained domestic inflation at 2.2 percent, strengthening economic activity, and improving foreign exchange market conditions, which offset heightened global inflation risks from geopolitical tensions and elevated fuel prices. Emphasizing the exchange rate as the primary nominal anchor due to weak interest rate transmission, the Committee pledged to closely monitor inflationary pressures and foreign exchange developments while reserving the right to adjust policy if price stability is threatened.
Topics
monetary
fx
Share