www.reservebank.to | Official Website of Tonga's central bank
The National Reserve Bank of Tonga (Reserve Bank) was established on 1 July 1989 as the central bank of Tonga.
The principal objectives of the Reserve Bank shall be to maintain internal and external monetary stability, promote financial stability and promote a sound and efficient financial system. The Reserve Bank shall conduct its activities in a manner that supports macroeconomic stability and economic growth.
Monetary Policy Decision - December 2019
- Details
- Category: Press Release
- Created: 19 December 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 17th December 2019, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
Monthly Economic Review for October 2019
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- Category: Economic Releases
- Created: 19 December 2019
Partial data shows positive trends in the primary sector. The Reserve Bank expects positive domestic economic activity in the medium term. Foreign reserves will remain at comfortable levels above the minimum of 3 months of import cover. The inflation forecast is also expected to be relatively stable and below the Reserve Bank’s reference rate of 5%.
Foreign Reserves Statistics for November 2019
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- Category: Financial Statistics
- Created: 17 December 2019
Official foreign reserves held by the National Reserve Bank of Tonga (NRBT) increased over the month and year to November 2019 by $0.2 million and $20.8 million respectively to $489.5 million, equivalent to 7.8 months of imports. Read more on the Foreign Reserve Statistics for November 2019.
Reserve Bank's Annual Awards Night 2019
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- Category: Press Release
- Created: 13 December 2019
The Reserve Bank celebrated its Annual Awards Night on Thursday 12th December 2019 at its Conference Centre. The Awards Night is to highlight and recognise the achievements of the staff over the year against its Corporate Plan targets. The highlighted awards were given to the Best Performing Staff of the year, staff who made the Best Progress and the Security of the Year.
Remittances for July 2019
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- Category: Economic Releases
- Created: 06 December 2019
The total remittances for July 2019 rose by $5.1 million (18.9%) to a total $32.1 million, attributed to higher private transfer receipts which are mainly family support. The events during the month contributed to this high level which included various events of the Heilala Week Festival, and other church and family events. Read more in the Remittance for July 2019.
Overseas Exchange Transactions for July 2019
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- Category: Economic Releases
- Created: 06 December 2019
The overall Overseas Exchange Transactions (OET) balance in July 2019 recorded a $8.6 million surplus compared with a $16.0 million surplus in June 2019. Both the total receipts and total payments declined over the month, however total receipts was higher at $66.3 million compared to total payments at $60.7 million. Read more in the Overseas Exchange Transactions of July 2019.
Alliance for Financial Inclusion (AFI) Pacific Island Regional Initiative (PIRI) Regulatory Sandbox Roadshow
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- Category: Press Release
- Created: 26 November 2019
The National Reserve Bank of Tonga (NRBT) in collaboration with the Alliance for Financial Inclusion (AFI), and the Pacific Islands Regional Initiatives (PIRI) is conducting a 2 days roadshow on Regulatory Sandbox commencing from 26th – 27th November 2019.
South Pacific Central Bank Governors' Meeting
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- Category: Press Release
- Created: 21 November 2019
The Reserve Bank of Australia hosted Governors from South Pacific Central Banks on 19-20 November in Sydney for the 34th South Pacific Central Bank Governors’ Meeting.
Press Release a courtesy of the Reserve Bank of Australia.
Monetary Policy Decision - November 2019
- Details
- Category: Press Release
- Created: 14 November 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 11th November 2019, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
Monetary Policy Decision - October 2019
- Details
- Category: Press Release
- Created: 08 November 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 28th October 2019, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
Reserve Bank paid $4.2 million to Government
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- Category: Press Release
- Created: 01 November 2019
The National Reserve Bank of Tonga Board of Directors and the Governor Sione Ngongo Kioa presented the annual dividend of the Bank for 2018/2019, a cheque of $4.2 million to the Minister for Finance, Honourable Tevita Lavemaau, on the 30th October 2019.
Banking Sector Development for July 2019
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- Category: Economic Releases
- Created: 22 October 2019
Following last month’s decline, the banks’ total lending picked up to a new high level of $491.1 million. This was an increase of $4.9 million (1.0%) and $38.2 million (8.4%), respectively, over the month and year to July 2019. Majority of this growth was for business lending, followed by household loans.
Monetary Policy Decision - September 2019
- Details
- Category: Press Release
- Created: 24 September 2019
The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 23rd September 2019, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending in order to support economic growth and strengthen the monetary policy transmission mechanism.
Monetary Policy Statement for February 2019
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- Category: Press Release
- Created: 06 September 2019
The National Reserve Bank of Tonga’s Board of Directors approved to release its Monetary Policy Statement (MPS) for February 2019. This Statement reviews Tonga’s economic growth and the Reserve Bank’s conduct of monetary policy in the six months to February 2019 and its outlook.
Reserve Bank hosts the AFSPC Meeting
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- Category: Press Release
- Created: 02 September 2019
The National Reserve Bank of Tonga (NRBT) and the Pacific Financial Technical Assistance Centre (PFTAC) are hosting the AFSPC 17th Annual Meeting and workshop from 2nd - 6th September 2019 at the National Reserve Bank of Tonga Level 4 - Conference Centre.
Financial Intelligence Quarterly Reports for June 2019
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- Category: Financial Intelligence
- Created: 22 August 2019
The FIU continued with its preparation for Tonga’s Mutual Evaluation through engaging technical assistances to develop framework to enhance the Reserve Banks anti-money laundering supervision function as well as assistance from the Cook Islands to contribute to drafting of Tonga’s Effectiveness Response.
