Monetary Policy Data
- Details
- Category: Financial Statistics
- Last Updated: 22 May 2025
February 2025
| Monetary Policy Data |
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| Feb 25 | Jan 25 | Feb 24 | |
| Foreign Reserves (TOP million) | 865.4 | 878.0 | 891.4 |
| Months of Imports (trade estimate) | 19.9 | 10.1 | 11.5 (r) |
| Months of Imports (Overseas Exchange Transactions estimate) | 10.6 | 10.8 | 11.6 |
| Inflation (apc) | 4.0 | 5.4 | 6.9 |
| Imported (apc) | 3.2 | 3.5 | 3.5 |
| Domestic (apc) | 4.7 | 7.1 | 10.2 |
| Activity Indicators | |||
| Total Credit Growth (apc)1 | 12.0 | 11.8 | 5.7 |
| Total Outstanding Loan (Ann. Tot $ m)1 | 593.5 | 591.8 | 529.9 |
| Household (apc) | 5.1 | 4.9 | 4.7 |
| Business (apc) | 19.0 | 18.7 | 6.7 |
| Total Deposits (TOP million) | 972.5 | 989.3 | 911.6 |
| Total Deposits (apc) | 6.7 | 8.4 | 3.0 |
| Exchange Settlement Accounts (TOP million) | 348.2 | 357.8 | 358.7 |
| NRBT Notes on issue (TOP million) | 0.0 | 0.0 | 0.0 |
| Banks' holding of Govt Securities (TOP million) | 35.4 | 35.4 | 37.1 |
| Broad Money (M2, TOP million) | 914.8 | 922.5 | 849.5 |
| Reserve Money** (TOP million) | 614.2 | 625.6 | 603.6 |
| Overseas Exchange Transactions | |||
| Total OET Payments (annual Total, TOP million) | 1261.7 | 1249.2 | 1131.0 (r) |
| Total OET Payments (apc) | 11.6 | 11.6 | 15.4 |
| Total OET Receipts (annual Total, TOP million) | 13400.0 | 1388.6 | 1166.1 |
| Total OET Receipts (apc) | 20.1 | 19.4 | 9.1 |
| Imports (annual Total, TOP million) | 705.5 | 709.4 | 670.5 |
| Imports (apc) | 5.2 | 7.6 | 14.3 |
| Exports (annual Total, TOP million) | 7.2 | 7.3 | 9.4 |
| Exports (apc) | -22.8 | -26.3 | -4.0 |
| Travel Receipts (annual Total, TOP million) | 169.9 | 167.8 | 134.9 |
| Travel Receipts (apc) | 25.9 | 24.9 | 84.5 |
| Remittances (annual Total, TOP million) | 530.6 | 527.8 | 533.7 |
| Remittances (apc) | -0.6 | -1.6 | 7.7 |
| Financial Markets | |||
| Exchange Rate | |||
| USD/TOP | 0.4120 | 0.4103 | 0.4217 |
| AUD/TOP | 0.6526 | 0.6572 | 0.6450 |
| NZD/TOP | 0.7232 | 0.7265 | 0.6872 |
| FJD/TOP | 0.9363 | 0.9378 | 0.9348 |
| Nominal Effective Exchange Rate Index | 96.25 | 96.38 | 95.09 |
| Real Effective Exchange Rate Index | 126.94 | 128.34(r) | 119.33 |
| Interest Rates | |||
| Weighted Average Lending Rate (%)1 | 7.57 | 7.56 | 7.79 |
| Housing (%) | 7.94 | 7.94 | 7.98 |
| Business (%)1 | 7.12 | 7.11 | 7.03 |
| Weighted Average Deposit Rate (%) | 1.47 | 1.46 | 1.57 |
| 12-month term (%) | 2.97 | 32.98 | 3.769 |
| Savings (%) | 2.54 | 2.55 | 2.44 |
| Term (%) | 2.81 | 2.82 | 2.99 |
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Notes: apc = annual percent change |
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| Prepared by the Economics Department | National Reserve Bank of Tonga | Last Updated on 19 February 2025 |
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Monetary Policy Data Releases
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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