The Bank of PNG publishes the Monetary Policy Statement (MPS) on a six monthly basis in the media. What is the role or benefit of the MPS to the entire population of PNG?

The objective of Monetary Policy in Papua New Guinea is to achieve and maintain price stability. If achieved it will lead to;

• Confidence in the kina exchange rate and management of the economy;
• A foundation for stable fiscal operations of the Government;
• Certainty for private sector businesses to plan for long-term investment and development; and
• A stable macroeconomic environment conducive to economic growth