MONETARY POLICY STATEMENT FOR THE FINANCIAL YEAR 2021/2022
The ultimate goal of Monetary Policy Statements (MPS) is to effectively communicate the Central Bank of Samoa’s (CBS) monetary policy stance in a transparent and accountable manner to improve public awareness. The main objectives of the monetary policy and its corresponding targets are set out in its main legislation, the CBS Act 2015. This Statement is also aligned with the Central Bank of Samoa’s Corporate Plan (CBSCP) and the latest Government’s Strategy for the Development of Samoa. The primary aim of the Central Bank’s monetary policy is to achieve and maintain price stability as well as fostering and maintaining a stable financial system in order to achieve a sustainable real economic growth and a comfortable level of international reserves. Monetary policy decisions are conducted through open market operations (OMO) through the issuance and trading of CBS Securities (CBSS) to achieve these objectives.