Press Releases
| Monetary Policy Decision - July 2019 24 July 2019 |
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| The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 19th July 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. | |
| VACANT POSTS AVAILABLE NOW! 24 July 2019 |
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| The National Reserve Bank of Tonga wishes to inform members of the public of 3 available posts - a System Analyst, an Economist and a Statistical Assistant. Applications must be received no later than 4:00 pm Friday 9 August 2019. | |
| APG Pre-Mutual Evaluation Workshop 23 July 2019 |
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| Tonga’s Serious Financial Crimes Working Group meets the APG Secretariat and Assessment Team this week for the APG Pre-Mutual Evaluation Workshop at the Reserve Bank. The workshop will focus on Tonga’s draft technical compliance, effectiveness response, risk and scoping issues and preparations for the on-site mutual evaluation of Tonga in October. | |
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Other Releases
| Remittances for April 2019 Economic Release | 29 July 2019 |
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| A slight rise in employees compensation by $0.2 million (7.7%) over the month of April 2019 drove the total remittances higher by $0.2 million. Social benefits rose by $0.1 million but was offset by a decline in private capital transfers. | |
| Overseas Exchange Transactions for March 2019 Economic Release | 29 July 2019 |
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| In April 2019, payments from the current account for imported goods and services declined by $8.4 million over the month mostly on import and services payments. The total receipts rose by $3.6 million due to higher receipts for services, funds and donations to non-profit organizations and receipts for both official and individual construction. | |
| Monthly Economic Review for May 2019 Economic Release | 24 July 2019 |
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| Partial data indicated that the primary sector had mixed performance in the month of May 2019. The Reserve Bank expects domestic economic activity to remain positive in the medium term. Furthermore, the foreign reserves is expected to remain at comfortable levels. | |
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