Samoa's Central Bank board is working on appropriate mechanisms to further reduce lending interest rates.
The Bank's last interest cut was in February.
This latest move is part of the Bank's monetary policy to help local commercial banks lending operations to the local business community in the wake of the global financial crisis.
The Prime Minister, Tuila'epa Sa'ilele Malielegaoi, said at a recent economic summit that some of the mechanisms should encourage commercial banks to access cheaper funds available from the Central Bank.
However Tuila'epa did not go into details but said that both the Ministry of Finance and the Central Bank are working on additional and prudentially secure mechanisms to pump substantially more liquidity into the country's financial system.
