Monetary Policy Decision - July 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 5th of August 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Authorized Foreign Exchange Services
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As required by section 4(1) of the Foreign Exchange Control Act 2018, the authority to conduct foreign exchange business in Tonga is restricted only to Authorized Persons licensed by the National Reserve Bank of Tonga. Members of the public are hereby advised that the following entities are Authorized Persons licensed to deal in foreign exchange under the Foreign Exchange Control Act 2018.
Monetary Policy Decision - June 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 26th June 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Monetary Policy Decision - May 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 29th May 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Monetary Policy Decision - April 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 1st May 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors and to support the economy from the impacts of COVID-19.
Financial System Services Adjust to Comply with Government State of Emergency Rules relating to Covid-19
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The Reserve Bank continues to work together with Government, the Association of Banks and non-bank financial institutions to enhance preparedness to minimize the financial risks from Covid-19. At its Board of Directors meeting on the 26 March 2020, the Reserve Bank agreed to provide financial assistance to Government in its effort to provide financial relief to the sectors affected by the Covid-19 outbreak.
‘E fakahoko ‘e he Pangikē Puleʹ ha tokoni fakapa’anga ki he Pule’angaʹ pea mo tokoni ki hono fakapapau’i ‘oku lahi fe’unga ‘a e ngaahi pa’anga ngāue ‘a e ngaahi kautaha fakapa’angaʹ
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‘Oku hokohoko atu pē ‘a e tokoni ‘a e Pangikē Pule´ ki he Pule’anga´ mo e ngaahi kautaha fakapa’anga´ ke fakapapau’i ‘oku nau mateuteu ke nau malava ‘o matatali ha ngaahi uesia ‘e malava ke hoko mei he mafola ko ia ‘a e COVID-19. ‘I he fakataha ‘a e Poate ‘a e Kau Talēkita ‘a e Pangikē Pule´ ‘i he ‘aho 26 ‘o Ma’asi 2020, na’a nau tali ai ke fakahoko ha tokoni fakapa’anga ki he Pule’anga´ ke poupou ki he’enau ngāue ki hono tokoni’i fakapa’anga ‘a e ngaahi sekitoa ‘oku uesia mei he mafola ‘a e COVID-19.
Monetary Policy Decision - March 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 18th March 2020, approved to maintain its current monetary policy measures. This is to encourage utilization of the excess liquidity in the banking system, through further lending to growth sectors in order to support domestic economic activities and growth.
Monetary Policy Decision - February 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 25th February 2020, 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.
Banking System is ready to address the impact of COVID-19
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The Governor reported that Tonga’s economic fundamentals are strong, however, the coronavirus (COVID-19) is expected to adversely impact the external account balances, the foreign reserves, the fiscal account and consequently economic growth. The Reserve Bank will continue to monitor and assess the coronavirus impact on the financial system and the economy, and will adjust these monetary policy measures, if required, to maintain financial and monetary stability.
Mateuteu 'a e ngaahi Pangike ki ha ngaahi uesia 'o e Kolona Vailasi
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Na’e lipooti ‘e he Kōvana ‘o pehē ko e ngaahi tefito’i me’a ngāue faka’ekonomika ‘oku ‘i he tu’unga mālohi, ka neongo ia’ ‘oku fakafuofua ‘e ‘i ai ‘a e uesia lahi ‘e he COVID-19 ‘a e ngaahi ‘akauni palanisi fakatu’apule’anga, pa’anga mohe, ngaahi ‘akauni ‘a e pule’anga, pea pehē foki ki he ngaahi tupu faka’ekonōmika.
Monetary Policy Decision - January 2020
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The National Reserve Bank of Tonga’s Board of Directors at its board meeting on the 21st January 2020, 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.
