The ANZ Bank in Fiji has lowered its interest rate for the second time in two months.
The reduction of half a per cent will take effect from January the 1st.
ANZ's Fiji manager, Robert Bell, says there is too much spare cash in the banking system and the move is aimed at turning around lacklustre borrowing and investment levels.
Mr Bell says since the last rate reduction, the ANZ has been noticing a slight change in the trend to a more positive borrowing and investment environment.
