February 2025 Monetary Policy focuses on Strengthening Policy Transmission and Effectiveness
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The National Reserve Bank of Tonga (NRBT) released its Monetary Policy Statement (MPS) for February 2025, following approval by the Board of Directors. The MPS states that since internal and external stability are expected to be maintained in the near-term, the NRBT will continue its accommodative monetary policy stance over the next six months to promote growth, while gradually strengthening its policy tools’ influence on monetary conditions, and tackle access to finance barriers.
Also read in Tongan: Fokotu’utu’u Fakapa’anga Mei Fepueli 2025, Fakamālohia ke a’usia ‘a e ngaahi taumu’a ngāue ‘a e Pangikē Pule
Fokotu’utu’u Fakapa’anga Mei Fepueli 2025, Fakamālohia ke a’usia ‘a e ngaahi taumu’a ngāue ‘a e Pangikē Pule
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Na’e tuku atu ‘e he Pangikē Pule Fakafonua ‘a Tonga΄ ‘a e Fakamatala Fokotu‘utu‘u Ngāue Fakapa’anga (MPS) ki Fepueli 2025, hili hono tali ‘e he Poate ‘a e kau Talēkita΄. ‘Oku fokotu’u he MPS Fepueli 2025, makatu’unga ‘i he kei tokamālie pē ‘a e tu’unga fakalotofonua΄ mo fakatu’apule’anga΄ ‘i he kaha’u vave mai΄, ‘e kei hoko atu pē ‘a e kei faka’ai’ai pē ‘a e tupu faka’ekonōmika΄, mo fakamālohia e ngaahi founga ‘oku fakahoko ‘aki ‘e he Pangike Pule΄ ‘a e ngāue fakapa’anga΄ ke ola lelei, mo fakafaingofua’i e nō pa’anga΄.
‘E tu’uma’u pē ‘a e tu’utu’uni ke fakahū mei he ngaahi Pangikee΄ 'o tauhi talifaki 'i he Pangikē Pule΄ (SRD), ‘i he peseti ‘e 15. ‘I he māhina ‘e ono ka hoko mai΄, ‘e fokotu’u atu ‘e he Pangikē Pule΄ ha totongi tupu fo’ou ke hoko ko e faka’ilonga ‘o ‘ene taumu’a fakapa’anga (policy rate), ‘o fetongi mei he totongi tupu ma’ulalo taha΄ (floor rate), ki he totongi tupu fo’ou ‘a ia ko e totongi tupu angamaheni fakamāmani lahi ‘a ia ‘oku tō loto pē ‘i he vaha’a ‘o e totongi tupu ma’ulalo taha΄ mo e totongi tupu ma’olunga taha΄ (mid-rate). Koe liliu ko eni´ ke toe mahino ange ‘a e tu’unga ‘oku fiema’u ‘e he Pangikē Pule΄ ke ‘i ai ‘a e totongi tupu faka’aho ‘i he māketi΄. ‘E kei hoko atu pē foki ‘a e ‘ikai ha totongi tupu (0%) ‘i he ngaahi ‘akauni ngāue 'a e ngaahi pangikee΄ (ESA). ‘E kamata ngāue atu foki ‘a e Pangikē Pule΄ ki hono fakatau atu ‘ene ngaahi nouti΄ (NRBT notes), ke faka’aonga’i ‘a e hulu 'i he pa'anga nō atu 'a e ngaahi pangikee΄ (excess liquidity), koe’uhi ke tokoni ki he ngāue fakapa’anga ‘i he māketi΄.
‘I he fakamatala ‘a Kōvana Tatafu Moeaki΄, “‘Oku tokanga lahi ‘a e MPS fo’ou΄ ki hono fakalelei’i ‘a e ngaahi founga ngāue΄ koe’uhi ke malava ‘a e Pangikē Pule΄ ’o fakahoko lelei ange hono fatongia ki hono tataki ‘a e ngaahi totongi tupu ‘i he māketi΄, pea mei ai ki he totongi koloa fakalukufua΄, ‘o fakatatau ki he’ene ngaahi taumu’a ngāue΄. ‘E fakahoko mo e ngāue ki he fa’unga kato ‘oku fika’i mei ai ‘a e mālohi ‘etau Pa’anga Tonga΄ ki hono fakafetongi pa’anga muli΄, ke fakapapau’i ‘oku tokoni ki hono makupusi ‘a e hikihiki ‘o e totongi koloa mei muli΄. Koe’uhi ko e te’eki ke longomo’ui e maketi fakapa’anga΄, ‘oku fiema’u leva ke fakafekau’aki vāofi ‘a e ngaahi fokotu’utu’u fakapa’anga΄ mo e fokotu’utu’u patiseti ‘a e Pule’anga΄ (fiscal policy). ‘E tokoni eni ke toe mālohi, ola lelei mo tolonga ‘a e tupu faka’ekonōmika΄, pea si’isi’i ‘a e fetō’aki ‘i he ngaahi totongi koloa΄, a’usia ha tu’unga fe’unga ‘i he lahi ‘o e koloa ‘oku fakatupu΄ ke feau ‘a e fiema’u koloa΄, pea longomo’ui ‘a e ngaahi sekitoa fakalotofonua΄ ΄.
‘Oku fakafuofua ‘e he Pangikē Pule΄ ‘e toe kake māmālie ‘a e hikihiki ‘o e ngaahi totongi koloa fakalukufua΄ ki ‘olunga ‘i he kaha’u vave mai΄, kā ‘e kei ma’ulalo pē ‘i he tu’unga ‘avalisi ko e peseti ‘e nima. Neongo eni, ‘oku lahi pē mo e ngaahi makatu’unga ke toe hikihiki lahi ai ki ‘olunga. ‘Oku ‘amanaki ‘e hoko atu pē ‘a e fakaakeake ‘a e tupu faka‘ekonōmika΄ ‘i he ta’u fakapa’anga ka hoko΄. Makatu’unga ‘i he fakafiemālie ‘a e ngaahi ola fakamuimui taha kuo ma’u΄ mo e ngaahi fakafuofua ki he kaha’u΄, ‘oku ‘i ai leva ‘a e faingamālie ki he Pangikē Pule΄ ke ne holoki ‘a e hulu ‘i he pa’anga ngāue ‘a e ngaahi pangikee´ pea fokotu’u mo ha ngaahi me’angāue fakapa’anga fo’ou fakatatau ki he māketi΄ ke fakaivia ‘aki e ngaahi fokotu’utu’u ngāue fakapa’anga΄.
‘E ma’u atu ha tatau faka’ilekitulonika ‘o e MPS ‘i heni pe koe ‘imeili This email address is being protected from spambots. You need JavaScript enabled to view it.
Ki ha toe fakaikiiki, kataki fetu‘utaki mai ki he:
Tafa'aki 'Ekonomika
Telefoni: (676) 24057;
‘Imeili: This email address is being protected from spambots. You need JavaScript enabled to view it. | Peesi ‘Initaneti: www.reservebank.to
Tu‘utu‘uni ‘a e ‘Eiki Fakaamaau Lahi Justice Bishop ke fakata‘e‘aonga‘i ‘a e tu‘utu‘uni ne tali ai e ‘eke ongoongo maumau ‘a e TDB ki he Pangikē Pule Fakafonua ‘o Tonga´
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Na’e tu’utu’uni ‘e he ‘Eiki Fakamaau Lahi Justice Bishop ‘i he ‘aho Monite 27 ‘o Sanuali 2025 ke fakata’e’aonga’i ‘a e tu’utu’uni na‘e ‘uluaki tuku mai ‘a ia ne tali ai ‘a e ‘eke totongi ‘a TDB pea mo e toko ua kehe ki hono maumau’i honau ongoongo ‘o ofi ‘i he $30 miliona ki he Pangikē Pule Fakafonua ‘o Tonga‘, Kōvana Moeaki, pea mo e kau faiongoongo ‘e toko tolu.
‘Oku toe fakamamafa’i atu heni ‘e he Pangikē Pule Fakafonua ‘o Tonga´ ‘a ‘ene tukupā ke fakahoko hono fatongia ko e tauhi ‘a e tu‘unga malu ʻo e tafa‘aki fakapaʻanga΄ ‘aki hono tokanga‘i ‘a e ngaahi pangikē mo e ngaahi kautaha fakapa‘anga kotoa kuo ’osi laiseni´, fakapapau‘i ‘oku leva‘i lelei ‘a e ngaahi nō mo ha ngaahi uesia ‘e malava ke hoko, pea mo malu‘i ‘a e pa‘anga ‘a e kakai ‘oku fakahū ’i he ngaahi pangikē.
Ki ha toe fakaikiiki, kataki fetu‘utaki mai ki he:
Telefoni: (676) 24057; Kōvana: (676) 7815722
‘Imeili: This email address is being protected from spambots. You need JavaScript enabled to view it. | Peesi ‘Initaneti: www.reservebank.to
Default Judgement on TDB Damage Claim Against the National Reserve Bank of Tonga Set Aside by Lord Chief Justice Bishop
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In a ruling on Monday, January 27, 2025, Lord Chief Justice Bishop issued a court order that set aside the Default Judgment that had granted TDB and 2 other plaintiffs Damage Claims of about $30 million against the National Reserve Bank of Tonga (NRBT) and Governor Moeaki, along with three journalists.
Also read in Tongan: Tu‘utu‘uni ‘a e ‘Eiki Fakaamaau Lahi Justice Bishop ke fakata‘e‘aonga‘i ‘a e tu‘utu‘uni ne tali ai e ‘eke ongoongo maumau ‘a e TDB ki he Pangikē Pule Fakafonua ‘o Tonga´
