Monetary Policy Data
- Details
- Category: Financial Statistics
- Last Updated: 04 March 2024
November 2023
Monetary Policy Data |
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Nov 23 | OCt 23 | Nov 22 | |
Foreign Reserves (TOP million) | 892.0 | 891.2 | 866.2 |
Months of Imports (trade estimate) | 11.4 | 11.4 | 12.6r |
Months of Imports (Overseas Exchange Transactions estimate) | 12.1 | 12.3 | 15.2 |
Inflation (apc) | 4.9 | 6.1 | 11.1 |
Imported (apc) | 5.0 | 5.1 | 8.6 |
Domestic (apc) | 4.8 | 7.4 | 14.5 |
Activity Indicators | |||
Total Credit Growth (apc)1 | 7.7 | 9.9 | 3.4 |
Total Outstanding Loan (Ann. Tot $ m)1 | 528.1 | 526.0 | 490.3 |
Household (apc) | 3.4 | 2.7 | -1.1 |
Business (apc) | 13.6 | 19.3 | 7.6 |
Total Deposits (TOP million) | 908.9 | 904.3 | 868.6 |
Total Deposits (apc) | 4.6 | 4.8 | 6.0 |
Exchange Settlement Accounts (TOP million) | 342.8 | 348.1 | 399.2 |
NRBT Notes on issue (TOP million) | 0.0 | 0.0 | 0.0 |
Banks' holding of Govt Securities (TOP million) | 41.7 | 41.7 | 41.7 |
Broad Money (M2, TOP million) | 855.7 | 844.9 | 842.9 |
Reserve Money** (TOP million) | 600.0 | 593.1 | 603.0 |
Overseas Exchange Transactions | |||
Total OET Payments (annual Total, TOP million) | 1107.2 | 1107.8r | 901.4 |
Total OET Payments (apc) | 22.8 | 25.2r | 17.2 |
Total OET Receipts (annual Total, TOP million) | 1200.1 | 1193.2r | 1034.9r |
Total OET Receipts (apc) | 16.0 | 12.7r | 4.4r |
Imports (annual Total, TOP million) | 651.6 | 658.7r | 553.7 |
Imports (apc) | 17.7 | 21.6r | 10.0 |
Exports (annual Total, TOP million) | 10.0 | 9.3 | 10.4 |
Exports (apc) | -3.6 | -13.8r | -25.7 |
Travel Receipts (annual Total, TOP million) | 133.3 | 131.6r | 45.1 |
Travel Receipts (apc) | 195.4 | 245.9r | 110.2 |
Remittances (annual Total, TOP million) | 539.8 | 539.1r | 476.5r |
Remittances (apc) | 13.3 | 13.3r | -2.9r |
Financial Markets | |||
Exchange Rate | |||
USD/TOP | 0.4191 | 0.4163 | 0.4197 |
AUD/TOP | 0.6447 | 0.6542 | 0.6345 |
NZD/TOP | 0.6991 | 0.7034 | 0.6909 |
FJD/TOP | 0.9354 | 0.9358 | 0.9238 |
Nominal Effective Exchange Rate Index | 94.75 | 95.81 | 93.86 |
Real Effective Exchange Rate Index | 117.49 | 122.47r | 116.69 |
Interest Rates | |||
Weighted Average Lending Rate (%)1 | 7.69 | 7.64 | 8.23 |
Housing (%) | 7.99 | 8.01 | 8.13 |
Business (%)1 | 6.85 | 6.70 | 8.34 |
Weighted Average Deposit Rate (%) | 1.56 | 1.63 | 1.62 |
12-month term (%) | 3.94 | 3.87 | 3.48 |
Savings (%) | 2.51 | 2.50 | 2.35 |
Term (%) | 2.90 | 3.07 | 2.93 |
Notes: apc = annual percent change |
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Prepared by the Economics Department | National Reserve Bank of Tonga | Last Updated on 29 February 2024 |
Monetary Policy Data Releases
Monetary Policy Data Releases for 2023
November Released on 29 February 2024 | 49 KB |
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September Released on 21 December 2023 | 50 KB |
October Released on 9 January 2024 | 50 KB |
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July Released on 5 October 2023 | 50 KB |
August Released on 27 October 2023 | 50 KB |
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May Released on 3 August 2023 | 50 KB |
June Released on 25 August 2023 | 50 KB |
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March Released on 26 May 2023 | 50 KB |
April Released on 27 June 2023 | 25 KB |
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January Released on 30 March 2022 | 25 KB |
February Released on 21 April 2022 | 25 KB |
2014
December Last Updated on 11 February 2015 | 23 KB |
November Last Updated on 12 January 2015 | 13 KB |
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October Last Updated on 9 December 2014 | 23 KB |
September Last Updated on 24 November 2014 | 23 KB |
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August Last Updated on 10 October 2014 | 23 KB |
July Last Updated on 8 September 2014 | 22 KB |
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June Last Updated on 6 August 2014 | 22 KB |
May Last Updated on 7 July 2014 | 23 KB |
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April Last Updated on 11 June 2014 | 23 KB |
March Last Updated on 15 May 2014 | 23 KB |
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February Last Updated on 3 April 2014 | 13 KB |
January Last Updated on 12 March 2014 | 13 KB |
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