Monetary Policy Statement

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 is expected to lead to:  Confidence in the kina exchange rate;  A foundation for stable fiscal operations of the Government;  Certainty for businesses to plan for long-term investment;  Confidence in management of the economy; and  A stable macroeconomic environment conducive to economic growth.