The Bank of Papua New Guinea (The Bank) introduced the Kina Facility Rate (KFR) in February 2001, as an official rate to indicate its stance of monetary policy. The KFR is a monthly rate and any changes to it should translate to market interest rates. Changes to the KFR are based on assessment of economic fundamentals in the economy.
The initial KFR was set at 15.50 percent in February 2001, which was based around the 28 days treasury bill weighted average rate.
| Month / Year | Rates % | Press release |
|---|---|---|
| June 2025 | 4.00% | Monetary Policy Announcement |
| May 2025 | 4.00% | As issued in March 2025 |
| April 2025 | 4.00% | As issued in March 2025 |
| March 2025 | Maintained at 4.00% | Monetary Policy Announcement |
| February 2025 | 4.00% | As issued in September 2024 |
| January 2025 | 4.00% | As issued in September 2024 |
| December 2024 | 4.00% | As issued in September 2024 |
| November 2024 | 4.00% | As issued in September 2024 |
| October 2024 | 4.00% | As issued in September 2024 |
| September 2024 | Increased to 4.00% |
Document
Press release KFR September 2024.pdf
(66.52 KB)
|
| August 2024 | Increased to 3.00% |
Document
Press release KFR August 2024.pdf
(89.34 KB)
|
| July 2024 | Maintained at 2.50% | Not available |
| June 2024 | Maintained at 2.50% |
Document
Press release KFR June 2024.pdf
(181.15 KB)
|
| May 2024 | Increased to 2.50% |
Document
Press release KFR May 2024.pdf
(96.03 KB)
|
| April 2024 | Maintained at 2.00% | Not available |
| March 2024 | Maintained at 2.00% |
Document
Press release KFR March 2024.pdf
(417.2 KB)
|
| February 2024 | Reduced to 2.00% |
Document
Press release KFR February 2024.pdf
(94.31 KB)
|
| January 2024 | Maintained at 2.50% | Not Available |
| December 2023 | Maintained at 2.50% |
Document
Press release KFR December 2023.pdf
(458.49 KB)
|
| November 2023 | Reduced to 2.50% |
Document
Press release KFR November 2023.pdf
(94.55 KB)
|
| October 2023 | Maintained at 3.00% | Not Available |
| September 2023 | Reduced to 3.00% |
Document
Press release KFR September 2023.pdf
(94.24 KB)
|
| August 2023 | Maintained at 3.50% |
Document
Press release KFR August 2023.pdf
(620.48 KB)
|
| July 2023 | Maintained at 3.50% | Not Available |
| June 2023 | Maintained at 3.50% |
Document
Press release KFR June 2023.pdf
(93.16 KB)
|
| May 2023 | Maintained at 3.50% |
Document
Press release KFR May 2023.pdf
(93.2 KB)
|
| April 2023 | Maintained at 3.50% |
Document
Press release KFR April 2023.pdf
(94.4 KB)
|
| March 2023 | Maintained at 3.50% |
Document
Press release KFR March 2023.pdf
(91.47 KB)
|
| February 2023 | Maintained at 3.50% |
Document
Press release KFR February 2023.pdf
(94.02 KB)
|
| January 2023 | Increased to 3.50% |
Document
Press release KFR January 2023.pdf
(167.24 KB)
|
| December 2022 | Not Available | Not Available |
| November 2022 | Maintained at 3.25% |
Document
Press release KFR November 2022 Qtr pge.pdf
(871.05 KB)
|
| October 2022 | Maintained at 3.25% |
Document
Press release KFR October 2022.pdf
(92.9 KB)
|
| September 2022 | Maintained at 3.25% |
Document
Press release KFR September 2022.pdf
(94.19 KB)
|
| August 2022 | Maintained at 3.25% |
Document
Press release KFR August 2022.pdf
(93.88 KB)
|
| July 2022 | Increased to 3.25% |
Document
Press release KFR July 2022.pdf
(140.48 KB)
|
| June 2022 | Maintained at 3.00% |
Document
Press release KFR June 2022.pdf
(93.09 KB)
|
| May 2022 | Maintained at 3.00% |
Document
Press release KFR May 2022.pdf
(93.23 KB)
|
| April 2022 | Maintained at 3.00% |
Document
Press release KFR April 2022.pdf
(92.66 KB)
|
| March 2022 | Maintained at 3.00% |
Document
Press release KFR March 2022.pdf
(90.4 KB)
|
| February 2022 | Maintained at 3.00% |
Document
Press release KFR February 2022.pdf
(92.73 KB)
|
| January 2022 | Maintained at 3.00% |
Document
Press release KFR January 2022.pdf
(427.33 KB)
|
| December 2021 | Maintained at 3.00% | Not Available |
| November 2021 | Maintained at 3.00% |
Document
Press release KFR November 2021.pdf
(94.18 KB)
|
| October 2021 | Maintained at 3.00% | Not Available |
| September 2021 | Maintained at 3.00% |
Document
Press release KFR September 2021.pdf
(99.64 KB)
|
| August 2021 | Maintained at 3.00% |
Document
Press release KFR August 2021.pdf
(114.31 KB)
|
| July 2021 | Maintained at 3.00 % |
Document
Press release KFR July 2021.pdf
(255.17 KB)
|
| June 2021 | Maintained at 3.00 % |
Document
Press release KFR June 2021.pdf
(96.78 KB)
|
| May 2021 | Maintained at 3.00 % |
Document
Press release KFR May 2021.pdf
(24.51 KB)
|
| April 2021 | Maintained at 3.00 % |
Document
Press release KFR April 2021.pdf
(865.83 KB)
|
| March 2021 | Maintained at 3.00 % |
Document
Press release KFR March 2021.pdf
(423 KB)
|
| February 2021 | Maintained at 3.00 % |
Document
Press release KFR February 2021.pdf
(95.09 KB)
|
| January 2021 | Maintained at 3.00 % | Not Available |
| December 2020 | Maintained at 3.00 % |
Document
Press release KFR December 2020.pdf
(94.39 KB)
|
| November 2020 | Maintained at 3.00 % |
Document
Press release KFR November 2020.pdf
(155.18 KB)
|
| October 2020 | Maintained at 3.00 % |
Document
Press release KFR October 2020.pdf
(94.49 KB)
|
| September 2020 | Maintained at 3.00 % |
Document
Press release KFR September 2020.pdf
(95.17 KB)
|
| August 2020 | Maintained at 3.00 % |
Document
Press release KFR August 2020.pdf
(101.74 KB)
|
| July 2020 | Maintained at 3.00 % |
Document
Press release KFR July 2020.pdf
(94.53 KB)
|
| June 2020 | Maintained at 3.00 % |
Document
Press release KFR June 2020.pdf
(92.71 KB)
|
| May 2020 | Maintained at 3.00% | Not Available |
| April 2020 | Reduced at 3.00 % | Not Available |
| March 2020 | Maintained at 5.00 % | Not Available |
| February 2020 | Maintained at 5.00 % | Not Available |
| January 2020 | Maintained at 5.00 % |
Document
Press release KFR January 2020.pdf
(200.21 KB)
|
| December 2019 | Reduced to 5.00 % |
Document
Press release KFR December 2019.pdf
(121.7 KB)
|
| November 2019 | Maintained at 5.50 % |
Document
Press release KFR November 2019.pdf
(119.86 KB)
|
| October 2019 | Maintained at 5.50 % |
Document
Press release KFR October 2019.pdf
(121.43 KB)
|
| September 2019 | Maintained at 5.50 % | Not Available |
| August 2019 | Reduced to 5.50 % |
Document
Press release KFR August 2019.pdf
(68.26 KB)
|
| July 2019 | Reduced to 6.00 % |
Document
Press release KFR July 2019.pdf
(259.35 KB)
|
| June 2019 | Maintained at 6.25 % |
Document
Press release KFR June 2019.pdf
(120.11 KB)
|
| May 2019 | Maintained at 6.25 % |
Document
Press release KFR May 2019.pdf
(119.71 KB)
|
| April 2019 | Maintained at 6.25 % |
Document
Press release KFR April 2019.pdf
(120.17 KB)
|
| March 2019 | Maintained at 6.25 % |
Document
Press release KFR March 2019.pdf
(131.15 KB)
|
| February 2019 | Maintained at 6.25 % |
Document
Press release KFR February 2019.pdf
(324.43 KB)
|
| January 2019 | Maintained at 6.25 % |
Document
Press release KFR January 2019.pdf
(132.1 KB)
|
| December 2018 | Maintained at 6.25 % |
Document
Press release KFR December 2018.pdf
(55.23 KB)
|
| November 2018 | Maintained at 6.25 % |
Document
Press release KFR November 2018.pdf
(120.69 KB)
|
| October 2018 | Maintained at 6.25 % |
Document
Press release KFR October 2018.pdf
(120.33 KB)
|
| September 2018 | Maintained at 6.25 % |
Document
Press release KFR September 2018.pdf
(340.01 KB)
|
| August 2018 | Maintained at 6.25 % |
Document
Press release KFR August 2018.pdf
(340.14 KB)
|
| July 2018 | Maintained at 6.25 % | Not Available |
| June 2018 | Maintained at 6.25 % |
Document
Press release KFR June 2018.pdf
(67.43 KB)
|
| May 2018 | Maintained at 6.25 % |
Document
Press release KFR May 2018.pdf
(24.29 KB)
|
| April 2018 | Maintained at 6.25 % |
Document
Press release KFR April 2018.pdf
(149.29 KB)
|
| March 2018 | Maintained at 6.25 % |
Document
Press release KFR March 2018.pdf
(338.05 KB)
|
| February 2018 | Maintained at 6.25 % |
Document
Press release KFR February 2018.pdf
(24.29 KB)
|
| January 2018 | Maintained at 6.25 % |
Document
Press release KFR January 2018.pdf
(24.08 KB)
|
| December 2017 | Maintained at 6.25 % |
Document
Press release KFR December 2017.pdf
(30.48 KB)
|
| November 2017 | Maintained at 6.25 % |
Document
Press release KFR November 2017.pdf
(23.98 KB)
|
| October 2017 | Maintained at 6.25 % |
Document
Press release KFR October 2017.pdf
(23.97 KB)
|
| September 2017 | Maintained at 6.25 % |
Document
Press release KFR September 2017.pdf
(30.27 KB)
|
| August 2017 | Maintained at 6.25 % |
Document
Press release KFR August 2017.pdf
(121.53 KB)
|
| July 2017 | Maintained at 6.25 % |
Document
Press release KFR July 2017.pdf
(338.34 KB)
|
| June 2017 | Maintained at 6.25 % |
Document
Press release KFR June 2017.pdf
(30.18 KB)
|
| May 2017 | Maintained at 6.25 % |
Document
Press release KFR May 2017.pdf
(121.83 KB)
|
| April 2017 | Maintained at 6.25 % |
Document
Press release KFR April 2017.pdf
(24.21 KB)
|
| March 2017 | Maintained at 6.25 % |
Document
Press release KFR March 2017.pdf
(30.05 KB)
|
| February 2017 | Maintained at 6.25 % |
Document
Press release KFR February 2017.pdf
(24.6 KB)
|
| January 2017 | Maintained at 6.25 % |
Document
Press release KFR January 2017.pdf
(24.61 KB)
|
| December 2016 | Maintained at 6.25 % |
Document
Press release KFR December 2016.pdf
(131.87 KB)
|
| November 2016 | Maintained at 6.25 % |
Document
Press release KFR November 2016.pdf
(121.27 KB)
|
| October 2016 | Maintained at 6.25 % |
Document
Press release KFR October 2016.pdf
(24.75 KB)
|
| September 2016 | Maintained at 6.25 % |
Document
Press release KFR September 2016.pdf
(131.98 KB)
|
| August 2016 | Maintained at 6.25 % |
Document
Press release KFR August 2016.pdf
(24.14 KB)
|
| July 2016 | Maintained at 6.25 % |
Document
Press release KFR July 2016.pdf
(122.58 KB)
|
| June 2016 | Maintained at 6.25 % |
Document
Press release KFR June 2016.pdf
(24.21 KB)
|
| May 2016 | Maintained at 6.25 % |
Document
Press release KFR May 2016.pdf
(23.85 KB)
|
| April 2016 | Maintained at 6.25 % |
Document
Press release KFR April 2016.pdf
(348.39 KB)
|
| March 2016 | Maintained at 6.25 % |
Document
Press release KFR March 2016.pdf
(29.17 KB)
|
| February 2016 | Maintained at 6.25 % |
Document
Press release KFR February 2016.pdf
(336.63 KB)
|
| January 2016 | Maintained at 6.25 % |
Document
Press release KFR January 2016.pdf
(23.88 KB)
|
| December 2015 | Maintained at 6.25 % |
Document
Press release KFR December 2015.pdf
(29.82 KB)
|
| November 2015 | Maintained at 6.25 % |
Document
Press release KFR November 2015.pdf
(588.83 KB)
|
| October 2015 | Maintained at 6.25 % |
Document
Press release KFR October 2015.pdf
(123.15 KB)
|
| September 2015 | Maintained at 6.25 % |
Document
Press release KFR September 2015.pdf
(74.4 KB)
|
| August 2015 | Maintained at 6.25 % |
Document
Press release KFR August 2015.pdf
(122.34 KB)
|
| July 2015 | Maintained at 6.25 % |
Document
Press release KFR July 2015.pdf
(121.23 KB)
|
| June 2015 | Maintained at 6.25 % |
Document
Press release KFR June 2015.pdf
(73.26 KB)
|
| May 2015 | Maintained at 6.25 % |
Document
Press release KFR May 2015.pdf
(120.43 KB)
|
| April 2015 | Maintained at 6.25 % |
Document
Press release KFR April 2015.pdf
(24.43 KB)
|
| March 2015 | Maintained at 6.25 % |
Document
Press release KFR March 2015.pdf
(121.11 KB)
|
| February 2015 | Maintained at 6.25 % |
Document
Press release KFR Febrruary 2015.pdf
(115.23 KB)
|
| January 2015 | Maintained at 6.25 % |
Document
Press release KFR January 2015.pdf
(115.05 KB)
|
| December 2014 | Maintained at 6.25 % |
Document
Press release KFR December 2015.pdf
(29.82 KB)
|
| November 2014 | Maintained at 6.25 % |
Document
Press release KFR November 2014.pdf
(112.21 KB)
|
| October 2014 | Maintained at 6.25 % |
Document
Press release KFR October 2014.pdf
(68.09 KB)
|
| September 2014 | Maintained at 6.25 % |
Document
Press release KFR September 2014.pdf
(98.87 KB)
|
| August 2014 | Maintained at 6.25 % | Not Available |
| July 2014 | Maintained at 6.25 % | Not Available |
| June 2014 | Maintained at 6.25 % | Not Available |
| May 2014 | Maintained at 6.25 % | Not Available |
| April 2014 | Maintained at 6.25 % | Not Available |
| March 2014 | Maintained at 6.25% | Not Available |
| February 2014 | Maintained at 6.25% | Not Available |
| January 2014 | Maintained at 6.25% | Not Available |
| December 2013 | Maintained at 6.25% | Not Available |
| November 2013 | Maintained at 6.25% | Not Available |
| October 2013 | Maintained at 6.25% | Not Available |
| September 2013 | Maintained at 6.25% | Not Available |
| August 2013 | Maintained at 6.25% | Not Available |
| July 2013 | Maintained at 6.25% | Not Available |
| June 2013 | Maintained at 6.25% | Not Available |
| May 2013 | Maintained at 6.25% | Not Available |
| April 2013 | Maintained at 6.25% | Not Available |
| March 2013 | Reduced to 6.25% | Not Available |
| February 2013 | Maintained at 6.75% | Not Available |
| January 2013 | Maintained at 6.75% | Not Available |
| December 2012 | Maintained at 6.75% | Not Available |
| November 2012 | Maintained at 6.75% | Not Available |
| October 2012 | Maintained at 6.75% | Not Available |
| September 2012 | Reduced to 6.75% | Not Available |
| August 2012 | Maintained at 7.75% | Not Available |
| July 2012 | Maintained at 7.75% | Not Available |
| June 2012 | Maintained at 7.75% | Not Available |
| May 2012 | Maintained at 7.75% | Not Available |
| April 2012 | Maintained at 7.75% | Not Available |
| March 2012 | Maintained at 7.75% | Not Available |
| February 2012 | Maintained at 7.75% | Not Available |
| January 2012 | Maintained at 7.75% | Not Available |
| December 2011 | Maintained at 7.75% | Not Available |
| November 2011 | Maintained at 7.75% | Not Available |
| October 2011 | Maintained at 7.75% | Not Available |
| September 2011 | Increased to 7.75% | Not Available |
| August 2011 | Maintained at 7.50% | Not Available |
| July 2011 | Increased to 7.50% | Not Available |
| June 2011 | Increased to 7.25% | Not Available |
| May 2011 | Maintained at 7.00% | Not Available |
| April 2011 | Maintained at 7.00% | Not Available |
| March 2011 | Maintained at 7.00% | Not Available |
| February 2011 | Maintained at 7.00% | Not Available |
| January 2011 | Maintained at 7.00% | Not Available |
| December 2010 | Maintained at 7.00% | Not Available |
| November 2010 | Maintained at 7.00% | Not Available |
| October 2010 | Maintained at 7.00% | Not Available |
| September 2010 | Maintained at 7.00% | Not Available |
| August 2010 | Maintained at 7.00% | Not Available |
| July 2010 | Maintained at 7.00% | Not Available |
| June 2010 | Maintained at 7.00% | Not Available |
| May 2010 | Maintained at 7.00% | Not Available |
| April 2010 | Maintained at 7.00% | Not Available |
| March 2010 | Mainatined at 7.00% | Not Available |
| February 2010 | Maintained at 7.00% | Not Available |
| January 2010 | Maintained at 7.00% | Not Available |
| December 2009 | Reduced to 7.00% | Not Available |
| November 2009 | Maintained at 8.00% | Not Available |
| October 2009 | Mainatined at 8.00% | Not Available |
| September 2009 | Maintained at 8.00% | Not Available |
| August 2009 | Maintained at 8.00% | Not Available |
| July 2009 | Maintained at 8.00% | Not Available |
| June 2009 | Maintained at 8.00% | Not Available |
| May 2009 | Maintained at 8.00% | Not Available |
| April 2009 | Maintained at 8.00% | Not Available |
| March 2009 | Maintained at 8.00% | Not Available |
| February 2009 | Maintained at 8.00% | Not Available |
| January 2009 | Maintained at 8.00% | Not Available |
| December 2008 | Increased to 8.00% | Not Available |
| November 2008 | Maintained at 7.00% | Not Available |
| October 2008 | Maintained at 7.00% | Not Available |
| September 2008 | Increased to 7.00% | Not Available |
| August 2008 | Increased to 6.50% | Not Available |
| July 2008 | Maintained at 6.25% | Not Available |
| June 2008 | Increase to 6.25% | Not Available |
| May 2008 | Maintained at 6% | Not Available |
| April 2008 | Maintained at 6% | Not Available |
| March 2008 | Maintained at 6% | Not Available |
| February 2008 | Maintained at 6% | Not Available |
| January 2008 | Maintained at 6% | Not Available |
| December 2007 | Maintained at 6% | Not Available |
| November 2007 | Maintained at 6% | Not Available |
| October 2007 | Maintained at 6% | Not Available |
| September 2007 | Maintained at 6% | Not Available |
| August 2007 | Maintained at 6% | Not Available |
| July 2007 | Maintained at 6% | Not Available |
| June 2007 | Maintained at 6% | Not Available |
| May 2007 | Maintained at 6% | Not Available |
| April 2007 | Maintained at 6% | Not Available |
| March 2007 | Maintained at 6% | Not Available |
| February 2007 | Maintained at 6% | Not Available |
| January 2007 | Maintained at 6% | Not Available |
| December 2006 | Maintained at 6% | Not Available |
| November 2006 | Maintained at 6% | Not Available |
| October 2006 | Maintained at 6% | Not Available |
| September 2006 | Maintained at 6% | Not Available |
| August 2006 | Maintained at 6% | Not Available |
| July 2006 | Maintained at 6% | Not Available |
| June 2006 | Maintained at 6% | Not Available |
| May 2006 | Maintained at 6% | Not Available |
| April 2006 | Maintained at 6% | Not Available |
| March 2006 | Maintained at 6% | Not Available |
| February 2006 | Maintained at 6% | Not Available |
| January 2006 | Maintained at 6% | Not Available |
| December 2005 | maintained at 6.00% | Not Available |
| November 2005 | maintained at 6.00% | Not Available |
| October 2005 | maintained at 6.00% | Not Available |
| September 2005 | Reduced to 6.00% | Not Available |
| August 2005 | Maintained at 7.00% | Not Available |
| July 2005 | Maintained at 7.00% | Not Available |
| June 2005 | Maintained at 7.00% | Not Available |
| May 2005 | Maintained at 7.00% | Not Available |
| April 2005 | Maintained at 7.00% | Not Available |
| March 2005 | Maintained at 7.00% | Not Available |
| February 2005 | Maintained at 7.00% | Not Available |
| January 2005 | Maintained at 7.00% | Not Available |
| December 2004 | maintained at 6.00% | Not Available |
| November 2004 | maintained at 6.00% | Not Available |
| October 2004 | maintained at 6.00% | Not Available |
| September 2004 | Reduced to 6.00% | Not Available |
| August 2004 | Maintained at 7.00% | Not Available |
| July 2004 | Maintained at 7.00% | Not Available |
| June 2004 | Maintained at 7.00% | Not Available |
| May 2004 | Maintained at 7.00% | Not Available |
| April 2004 | Maintained at 7.00% | Not Available |
| March 2004 | Maintained at 7.00% | Not Available |
| February 2004 | Maintained at 7.00% | Not Available |
| January 2004 | Maintained at 7.00% | Not Available |