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Our Objectives

The objectives of the Bank of Papua New Guinea are set out in the Central Banking Act. They are: to achieve and maintain price stability as the primary objective; and, as secondary objectives, to ensure financial stability; to promote sustainable medium term economic growth, especially in the non-mineral and non-petroleum sector; and to promote the development of the financial sector.

The Central Banking Act (as amended) sets one primary objective and three secondary objectives for the Bank of Papua New Guinea. The Banks actions are guided by these objectives. 

These objectives are:

  1. to achieve and maintain price stability as the primary objective; 

    and, as secondary objectives,

  2. to ensure financial stability;
  3. to promote sustainable medium term economic growth, especially in the non-mineral and non-petroleum sector; and
  4. to promote the development of the financial sector of Papua New Guinea’s financial system. [Section 7(a-b)]