Papua New Guinea Kina Facility Rate (KFR)
Papua New Guinea Kina Facility Rate (KFR) is 5 percent, in force since 1 Sep 2025, cited to Bank of PNG Monetary Policy Statement MPC 3/2026, 8 September 2026. It was 4 percent before that. Last checked against the official source on 21 Oct 2026.
Official source: Bank of PNG Monetary Policy Statement MPC 3/2026, 8 September 2026 · Last checked 2026-10-21 · source fingerprint
The Bank of Papua New Guinea's official policy signalling rate, introduced in February 2001 under the Central Banking Act 2000. The KFR is a MONTHLY rate: it is decided at quarterly Monetary Policy Committee (MPC) meetings (March, June, September, December) and then carried forward unchanged in the intervening months, each month being published in BPNG's Kina Facility Rate table.
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| Current value | 5 percent |
|---|---|
| In force from | 2025-09-01 |
| Official source | Bank of PNG Monetary Policy Statement MPC 3/2026, 8 September 2026 |
| Last verified | 2026-10-21 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
The KFR has been 5.00% since September 2025, when the MPC RAISED it from 4.00% (announcement of 2 September 2025) and simultaneously cut the Cash Reserve Requirement from 10.0% to 9.0% and widened the margin between the KFR and BPNG's overnight repo/reverse-repo facilities to 2.0%. Held at 5.0% at all three subsequent meetings: 2 December 2025 (MPC 4/2025), 3 March 2026 (MPC 1/2026) and 3 June 2026 (MPC 2/2026 — latest decision as of confirmation); CRR held at 9.0%. TRAP: the KFR is NOT the operative transmission instrument in PNG. BPNG states explicitly and repeatedly that 'the exchange rate remains the nominal anchor for monetary policy' — interest-rate transmission is weak and the economy is highly import-dependent, so the crawl-like Kina depreciation, not the KFR, is what BPNG uses to anchor inflation expectations. Do not read KFR moves as an ordinary inflation-targeting reaction function. Second trap: the KFR is published as a monthly series, so BPNG's own table shows a value for every month even when no MPC met ('As issued in <month>'); only four of those twelve entries per year are actual decisions. The MPC itself is new — it was established in 2025 and held its inaugural meeting on 11 March 2025. Next decision expected September 2026. ACCESS: bankpng.gov.pg returns HTTP 403 to plain fetch/curl clients; the pages render normally in a real browser. Point any source-watcher at a browser-capable fetcher, not a bare HTTP client. Full KFR history table: https://www.bankpng.gov.pg/kina-facility-rates RECONFIRMED 2026-10-21: reconfirm only
Earlier values
| From | Value | Source |
|---|---|---|
| 2024-09-01 | 4 | Bank of Papua New Guinea — Monetary Policy Announcement, 2… |
| 2024-08-01 | 3 | BPNG 'Changes in Kina Facility Rate' table — 'August 2024… |
| 2024-05-01 | 2.5 | BPNG 'Changes in Kina Facility Rate' table — 'May 2024… |
| 2024-02-01 | 2 | BPNG 'Changes in Kina Facility Rate' table — 'February 2024… |
Get it programmatically
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Other Papua New Guinea series: Goods and Services Tax (GST) standard rate · GST registration threshold · National minimum wage (hourly) · Public holidays · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Statutory interest on debts and damages · Personal income tax brackets (resident individuals) · Statutory social-insurance contributions
The same figure elsewhere: Samoa · Solomon Islands · Tonga · Vanuatu · Australia · all 8