Samoa policy interest rate
Samoa policy interest rate is 2.92 percent, in force since 30 Jun 2026. It was 2.77 percent before that. Last checked against the official source on 10 Sep 2026.
Samoa has NO administered policy rate. The Central Bank of Samoa operates a MONETARY TARGETING framework under the Central Bank of Samoa Act 2015: the intermediate target is broad money (M2), and the operating tool is open market operations in CBS Securities (CBSS), supported by rediscount/repurchase standing facilities and a Statutory Reserve Deposit (SRD) ratio of about 4.5% of bank deposit liabilities. What CBS itself publishes and names as the 'CBS Official Interest rate' is the weighted-average yield emerging from its CBSS auctions — an OUTCOME of the liquidity operation, not a level the Board votes on. The Board sets a monetary policy STANCE once a year (Monetary Policy Statement, issued each July for the financial year to 30 June) and states a medium-term NEUTRAL TARGET RANGE of 2–3 percent for this official rate.
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| Current value | 2.92 percent |
|---|---|
| In force from | 2026-06-30 |
| Official source | Central Bank of Samoa — home-page 'Interest Rate' indicator, read 21 August 2026: 2.92% for June 2026 (the overall weighted-average yield on CBS Securities). The Selected Economic Indicators report for June 2026 was not yet published; citation to be upgraded to that PDF when it appears |
| Last verified | 2026-09-10 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
STRUCTURAL POINT, read before serving: this is NOT a policy rate in the BCCR/RBNZ sense. CBS does not announce rate decisions; it announces a stance. The Board of Directors met on 29 June 2026 and 'decided to keep its monetary policy unchanged for FY2026/2027' — i.e. it continued the stance set on 27 June 2025 (absorb excess liquidity via CBSS issuance while steering the official rate toward the 2–3% medium-term neutral range). The 2.92% figure is the latest OBSERVED value published by CBS, as at end June 2026, and it sits back INSIDE the 2–3% medium-term neutral range after the Feb–Apr 2026 readings ran above it (the MPS notes the rate 'eventually surpassing the medium target range' in that stretch). It rose because the bulk of CBS securities in FY2025/2026 were issued at higher yields and at longer tenors (182-day and 364-day paper) to drain post-pandemic liquidity; it is market-determined and can move between publications without any Board action. Do NOT describe a change in this number as a rate cut or hike. The 2–3% neutral range is the closest thing Samoa has to a stated policy-rate target. Inflation context from the same MPS: headline forecast to rise from 1.0% (CBS's measure, May 2026) to 3.8% by June 2027, slightly above the CBS medium-term inflation target of 3.0%, driven by oil prices linked to the US–Iran conflict, and expected to fall back below 3.0% in FY2027/2028. ACCESS NOTE: every CBS publication is a PDF and cbs.gov.ws serves them with an image-heavy layout — WebFetch's converter returns binary garbage; the PDF must be downloaded and text-extracted locally. The CBS 'Current MP Stance' page (https://cbs.gov.ws/current-mp-stance) is STALE — as of 23 Jul 2026 it still lists only the 2023-2024 and 2024-2025 stance documents; the Monetary Policy Statement index page (https://cbs.gov.ws/monetary-policy-statement) is the live one and correctly carries MPS-2026-2027.pdf. Point the source-watcher at the MPS index page, expect one new MPS each July, plus quarterly bulletins (https://cbs.gov.ws/media/Quarterly-Bulletin-March2026.pdf) that refresh the official-rate observation between MPSs — hence the 90-day cycle. MECHANISM ESTABLISHED 2026-08-07 (this is why the value moves monthly): the 'CBS official rate' is the overall weighted-average yield on Central Bank of Samoa Securities issued through open market operations - auction-determined, recomputed monthly - NOT a fixed policy decision. The Board sets only a stance and a 2-3% medium-term neutral target band (MPS FY2026/2027 s.3.2.1.1); its 29 June 2026 decision was a stance hold and set no number. Monthly path from the SEI: Sep-25 2.58, Oct 2.39, Nov 2.83, Dec 2.91, Jan-26 2.95, Feb 3.42, Mar 3.68 (peak), Apr 3.42, May 2.77, Jun 2.92. Cross-confirmed in the MPS FY2026/2027 Appendix Table 1 ('CBSS overall weighted avg yield') and the March 2026 Quarterly Bulletin p.12. Expect a roll with each monthly SEI release. CITATION NOTE (2026-08-21): the June 2026 observation of 2.92% is cited to the CBS home-page indicator because the June SEI report was not yet on the publications page (/selected-economic-indicators-pub, latest = May 2026) as of 21 August 2026 — upgrade the citation to the June SEI PDF when it appears (the report has been landing ~2 months after the reference month). Owner-confirmed roll from the 2026-08-20 REVIEW NEEDED alert. The homepage 'Interest Rate' tile IS this series.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-05-31 | 2.77 | Central Bank of Samoa — Selected Economic Indicators, May… |
| 2026-04-30 | 3.42 | Central Bank of Samoa — Monetary Policy Statement for the… |
| 2024-07-01 | 1.09 | CBS — MPS 2026/2027, Table 1A: CBS Official Interest rate… |
| 2022-07-01 | 0.23 | CBS — MPS 2026/2027, Table 1A: CBS Official Interest rate… |
| 2019-07-01 | 0.15 | CBS — MPS 2026/2027, Table 1A: CBS Official Interest rate… |
Get it programmatically
curl https://ausref.dev/v1/ws/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://ausref.dev/v1/ws/policy-rate/history?from=2020-01-01
# Provenance: curl https://ausref.dev/provenance/ws/policy-rateOther Samoa series: VAGST standard rate (Value Added Goods and Services Tax) · VAGST registration threshold · National minimum wage (hourly) · Public holidays · CPI inflation (year-on-year) · Company income tax rate · Withholding tax rates · Court-rule interest on judgment debts · Personal income tax rates · Statutory social-insurance contributions
The same figure elsewhere: Solomon Islands · Tonga · Vanuatu · Australia · Fiji · all 8