Press Releases & Economic Releases for 2018


Press Releases & Public Notices

November  
8 November 2018 Foreign Exchange Control Directive effective 1st November 2018
Kamata ngāue’aki ‘a e Tu’utu’uni Ngāue ki hono Pule’i ‘o e Fetongi Pa’anga Muliˊ ‘i he ‘aho 1 ‘o Nōvema 2018

October  
9 October 2018 Reserve Bank recorded a $22.8 million decline of the Foreign Reserves

September  
21 September 2018 Monetary Policy Decision - September 2018
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga - Sepitema 2018
19 September 2018 Monetary Policy Statement - February 2018
11 September 2018 Foreign Reserves recorded a $1.5 million over August 2018
6 September 2018 New Foreign Exchange Control Act 2018 comes into force on 10th July 2018
Kamata ngaue’aki ‘a e Lao fo’ou ki hono Pule’i ‘o e Fetongi Pa’anga Muli 2018 ‘i he ‘aho 10 Siulai 2018

August  
21 August 2018 Monetary Policy Decision - August 2018
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga - 'Aokosi 2018
13 August 2018 Foreign Reserves increased by $7.8 million over July
3 August 2018 Monetary Policy Decision
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga

July  
12 July 2018 Foreign Reserves increased by $26.8 million over June
12 July 2018 Supreme Court ruling on the Pacific International Commercial Bank vs National Reserve Bank of Tonga’s case

June  
18 June 2018  Monetary Policy Decision
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga
18 June 2018 Foreign Reserves recorded a $4 million decline over May

May  
18 May 2018 Monetary Policy Decision
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga
8 May 2018 Foreign Reserves recorded a $1.8 million decline over April

April  
12 April 2018 Monetary Policy Decision
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga
6 April 2018 Foreign Reserves fell by $0.3 million over March

March  
16 March 2018 Monetary Policy Decision
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga
12 March 2018 Foreign Reserves rose by $23.9 million over February

February  
20 February 2018 Monetary Policy Decision
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga
9 February 2018 Foreign Reserves rose by $1.6 million over January

January  
22 January 2018 Monetary Policy Decision
Tu’utu’uni ki he Fokotu’utu’u Ngāue Fakapa’anga
22 January 2018 Monetary Policy Statement for August 2017
Fakamatala Fokotu’utu’u ngāue fakapa’anga ki ‘Aokosi 2017
9 January 2018 Tonga Ma'ae Tonga Group Ltd Revocation of Registration License
Fakangata e Laiseni Fakafetongi Pa'anga Muli 'a e Tonga Ma'ae Tonga Group Ltd
3 January 2018
Unauthorized Foreign Exchange Services
Fakafetongi Pa’anga Muli Ta’efakalao

Economic Releases

October  
11 October 2018 Monthly Economic Review for August 2018
5 October 2018 Exported Aquarium trends favourably over the month
Marine Export Volumes
5 October 2018 More fish was exported during the month
Marine Export Volumes
5 October 2018 Decline in taxi, rental and cars registrations pushed total vehicle registrations lower
Vehicle Registrations
5 October 2018 Marine exports decline due to less catch during the month
Marine Export Volumes
5 October 2018 Root crops and vegetables drove the monthly decline
Agricultural Export Volumes
5 October 2018 Private and business vehicles drove higher registrations
Vehicle Registrations
4 October 2018 Official grant receipts fuel high surplus in the overall balance
Overseas Exchange Transactions
4 October 2018 Remittances remained above $30 million
Remittances

September  
21 September 2018 Monthly Economic Review for July 2018
12 September 2018 Lower prices in the base year pushed the headline inflation upward
Inflation
7 September 2018 Total container registrations remained high over the month
Container Registrations
7 September 2018 The domestic component of inflation pulled headline inflation lower
Inflation
7 September 2018 Lending slows down while deposits continue to climb higher
Banking Sector Developments

August  
22 August 2018 Volume of root crops push agricultural exports lower
Agricultural Export Volumes

21 August 2018 Monthly Economic Review for June 2018
20 August 2018 Deposits increase driving the total money supply up
Banking Sector Developments
20 August 2018 Yam and taro harvest increased total agricultural exports
Agricultural Export Volumes

20 August 2018 Celebrations of family month pushed remittances to a new high level
Remittances
20 August 2018 High receipts for compensation of employees over April 2018
Remittances
20 August 2018 Annual headline inflation continue to trend downward
Inflation

20 August 2018 Food prices stabilized over the month
Inflation

20 August 2018 Deposits increase driving the total money supply up
Banking Sector Developments
20 August 2018 New loan commitments rise by more than double
Banking Sector Developments

15 August 2018 Business preparations for upcoming festivities drive total container registrations higher
Overseas Exchange Transactions
15 August 2018 Total container registrations remain high despite the decline over the month
Container Registrations

15 August 2018 Lower registrations in all vehicle types
Vehicle Registrations

15 August 2018 Private vehicle registrations increased during the month
Vehicle Registrations

15 August 2018 Lower interbank receipts widened the overall balance deficit
Overseas Exchange Transactions
15 August 2018 Higher interbank payments widened deficit in the overall balance
Overseas Exchange Transactions
29 June 2018 Monthly Economic Review for May 2018
June  
29 June 2018 Domestic food prices hiked over the month pushing the annual headline inflation higher
Inflation
29 June 2018 A record high for exported invertebrates
Marine Export Volumes
29 June 2018 Recovery from the cyclone pushed container registrations higher
Container Registrations
29 June 2018 Total agricultural exports volume rebounded
Agricultural Exports Volume
29 June 2018 Steady growth remains for both lending and deposits
Banking Sector Development
26 June 2018 Departures soar as visitors return whilst arrivals decline
International Arrivals & Departures
18 June 2018 Rise in family support for Tropical Cyclone (TC) recovery boosted remittances
Remittances
18 June 2018 Monthly Economic Review for April 2018
13 June 2018 Fish exports were favourable despite TC Gita occurred
Marine Export Volumes

May  
31 May 2018 Monthly receipts for family support remained above $20 million
Remittance

29 May 2018 Receipt of Tropical Cyclone (TC) Gita relief fund boosted overall surplus
Overseas Exchange Transactions
29 May 2018 Credit growth continues backed by supportive lending rates
Banking Sector Developments

28 May 2018 Lower vehicle registration continued to February
Vehicle Registrations
28 May 2018 Less cargo vessels arrived due to the cyclone
Container Registrations
28 May 2018 Lower domestic prices eases annual headline inflation
Inflation
28 May 2018 Downward trend continued due to Tropical Cyclone Gita
Agricultural Exports Volumes
17 May 2018 Spike in aquarium products exported in January 2018
Marine Export Volumes
16 May 2018 Lower private transfers reflects the end of christmas festivities
Remittances
16 May 2018 Higher interbank receipts yield a surplus
Overseas Exchange Transactions
14 May 2018 Monthly Economic Review for March 2018
10 May 2018 Exports declined yet higher than the monthly average of the past five years
Agricultural Exports Volumes

April  
27 April 2018 2018 starts positively for business lending
Banking Sector Developments
23 April 2018 Seasonal decline in January container registrations
Container Registrations
17 April 2018 Decline in squash and giant taro lowered total agricultural exports
Agricultural Exports Volumes
11 April 2018 Monthly Economic Review for February 2018
6 April 2018 Higher commodity prices over the month
Inflation


March  
20 March 2018 Vehicle registrations fell over the month
Vehicle Registrations
20 March 2018 Business loans push credit growth for festive season
Banking Sector Developments
19 March 2018 Higher import payments leads to deficit in overall balance
Overseas Exchange Transactions
16 March 2018 Lower agricultural export reflects ends of squash season
Agricultural Export Volumes
16 March 2018 Monthly Economic Review for January 2018

February  
22 February 2018 Lower business containers during the month
Container Registrations
22 February 2018 Headline inflation hits the Reserve Bank’s target rate
Inflation
21 February 2018 Housing loans remain a strong driver of credit growth
Banking Sector Developments
16 February 2018 Monthly Economic Review for December
2 February 2018 Remittances slowed lead by a fall in Receipts from Recognised Seasonal Employers (RSE) workers
Remittances
2 February 2018 Lower import & primary income payments raised surplus
Overseas Exchange Transactions

January  
31 January 2018 Squash and agricultural export volumes, highest on record since 2013
Banking Sector Developments
26 January 2018 Households continue to be the main driver of credit growth
Banking Sector Developments
25 January 2018 Receipts for construction related activities drove the remittance trend
Remittances
25 January 2018 Overall balance yields a surplus on higher telecommunications services receipts
Overseas Exchange Transactions

22 January 2018 Monthly Economic Review for November
16 January 2018 Rise in new registrations due to higher taxis and rental vehicles registered
Vehicle Registrations
11 January 2018 Lower international arrival and departure
International Arrivals & Departures
11 January 2018
Higher imported food, tobacco, and fuel prices drove higher headline inflation
Inflation
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