Monetary policy

Vanuatu monetary policy remains unchanged

This means the policy rate remains at 2.90 percent, the SRD ratio remains at 5.25 percent, and the LAR ratio remains at 5.00 percent. 

Other credit facilities of the Reserve Bank including Import Substitution and Export Financing Facility (ISEFF) & the Disaster Financing Credit Facility (DRCF) also remain active.  

In considering this decision, the RBV Board said it noted that global growth expansion is becoming less even and trade tensions rising.