25 Oct 2017

PNG central bank slammed for misleading report

From , 6:04 am on 25 October 2017

An economist says last month's Monetary Policy Statement by Papua New Guinea's central bank was the worst it had produced in 10 years.

Economist Paul Flanagan says the Bank of PNG erroneously claimed there was no shortage of foreign exchange and fudged the figures on its printing of money.

He told Don Wiseman the bank is also killing private sector growth at a time when it is vital for the PNG economy.

No caption

Photo: 123RF