Bakani maintains stance on political statements

Central Bank Governor Loi Bakani has maintained his stance that he will not respond to any political statement during this national elections.

Bakani was responding to Loop PNG’s questions regarding a statement released by former prime minister and economist, Sir Mekere Morauta, about Bank of Papua New Guinea (BPNG) irresponsibly facilitating the government’s debt management.

Sir Mekere claimed that the latest data released by the BPNG shows that the central bank has been printing money for the government, fueling its wasteful spending.

However, Bakani told Loop PNG that he will not comment during this election period.

Freddy Mou