Monetary Policy Data
- Details
- Category: Financial Statistics
- Last Updated: 16 April 2024
January 2024
| Monetary Policy Data |
|||
| Jan 24 | Dec 23 | Jan 23 | |
| Foreign Reserves (TOP million) | 894.7 | 901.7 | 91.1 |
| Months of Imports (trade estimate) | 11.5 | 11.6 | 12.5 |
| Months of Imports (Overseas Exchange Transactions estimate) | 11.8 | 12.0 | 15.4 |
| Inflation (apc) | 6.4 | 6.7 | 9.7 |
| Imported (apc) | 4.2 | 4.3 | 7.0 |
| Domestic (apc) | 9.1 | 9.6 | 13.3 |
| Activity Indicators | |||
| Total Credit Growth (apc)1 | 6.4 | 8.5 | 5.0 |
| Total Outstanding Loan (Ann. Tot $ m)1 | 529.3 | 535.3 | 497.5 |
| Household (apc) | 4.6 | 4.3 | -0.5 |
| Business (apc) | 8.3 | 13.1 | 12.3 |
| Total Deposits (TOP million) | 912.8 | 913.5 | 880.7 |
| Total Deposits (apc) | 3.6 | 4.4 | 5.8 |
| Exchange Settlement Accounts (TOP million) | 358.7 | 340.1 | 409.6 |
| NRBT Notes on issue (TOP million) | 0.0 | 0.0 | 0.0 |
| Banks' holding of Govt Securities (TOP million) | 35.6 | 41.7 | 41.7 |
| Broad Money (M2, TOP million) | 846.2 | 868.1 | 844.0 |
| Reserve Money** (TOP million) | 613.0 | 611.9 | 609.9 |
| Overseas Exchange Transactions | |||
| Total OET Payments (annual Total, TOP million) | 1117.5 | 1113.5r | 952.6r |
| Total OET Payments (apc) | 17.3 | 21.7r | 23.4r |
| Total OET Receipts (annual Total, TOP million) | 1159.4 | 1205.5r | 1046.2r |
| Total OET Receipts (apc) | 10.8 | 18.1r | 7.3 |
| Imports (annual Total, TOP million) | 657.8 | 652.6r | 573.9 |
| Imports (apc) | 14.6 | 16.9r | 13.7 |
| Exports (annual Total, TOP million) | 9.9 | 10.0r | 9.3 |
| Exports (apc) | 6.3 | 6.2r | -32.3 |
| Travel Receipts (annual Total, TOP million) | 134.3 | 133.3r | 66.7 |
| Travel Receipts (apc) | 101.4 | 137.0r | 205.9 |
| Remittances (annual Total, TOP million) | 536.5 | 538.2r | 485.6r |
| Remittances (apc) | 10.5 | 12.9 | -2.1r |
| Financial Markets | |||
| Exchange Rate | |||
| USD/TOP | 0.4238 | 0.4246 | 0.4298 |
| AUD/TOP | 0.6365 | 0.6348 | 0.6172 |
| NZD/TOP | 0.6849 | 0.6827 | 0.6698 |
| FJD/TOP | 0.9349 | 0.9335 | 0.9198 |
| Nominal Effective Exchange Rate Index | 94.85 | 94.03 | 92.36 |
| Real Effective Exchange Rate Index | 120.68 | 120.44 | 114.36r |
| Interest Rates | |||
| Weighted Average Lending Rate (%)1 | 7.78 | 7.69r | 7.89 |
| Housing (%) | 7.98 | 7.99 | 8.13 |
| Business (%)1 | 7.03 | 6.83 | 7.41 |
| Weighted Average Deposit Rate (%) | 1.56 | 1.57 | 1.58 |
| 12-month term (%) | 3.74 | 4.04 | 3.41 |
| Savings (%) | 2.44 | 2.47 | 2.33 |
| Term (%) | 2.97 | 2.93 | 2.79 |
|
Notes: apc = annual percent change |
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| Prepared by the Economics Department | National Reserve Bank of Tonga | Last Updated on 16 April 2024 | ||
Monetary Policy Data Releases
2024
 |
January Released on 16 April 2024 | 49 KB |
2014
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December Last Updated on 11 February 2015 | 23 KB |
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November Last Updated on 12 January 2015 | 13 KB |
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October Last Updated on 9 December 2014 | 23 KB |
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September Last Updated on 24 November 2014 | 23 KB |
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August Last Updated on 10 October 2014 | 23 KB |
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July Last Updated on 8 September 2014 | 22 KB |
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June Last Updated on 6 August 2014 | 22 KB |
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May Last Updated on 7 July 2014 | 23 KB |
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April Last Updated on 11 June 2014 | 23 KB |
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March Last Updated on 15 May 2014 | 23 KB |
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February Last Updated on 3 April 2014 | 13 KB |
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January Last Updated on 12 March 2014 | 13 KB |
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