Monetary Policy Statement

To comply with the NRBT Act s50A, the Bank is to publish a Monetary Policy Statement at least every six months.  Each statement is a review of economic developments and the conduct of monetary policy in the period since the previous statement.  This statement indicates how the Bank intends to conduct monetary policy over the coming six months to achieve its objectives of maintaining sufficient foreign reserves and promoting price stability.


Monetary Policy Statement for August 2016 | Released on 3 February 2017

Download the complete statement | 1,542 KB


The National Reserve Bank of Tonga (NRBT) Board approved the release of its Monetary Policy Statement (MPS) for August 2016 at its meeting on February 2nd, 2017. This Statement reviews Tonga’s economic growth and the NRBT’s conduct of monetary policy in the six months to August 2016. It also provides the NRBT’s outlook for the next six months. .


Monetary Policy Statement Archives

Monetary Policy Statement - February 2016 View
Monetary Policy Statement - August 2015 View
Monetary Policy Statement - February 2015 View
Monetary Policy Statement - August 2014 View
Monetary Policy Statement - March 2014 View
Monetary Policy Satement - September 2013 View
Monetary Policy Satement - February 2013 View
Monetary Policy Satement - September 2012 View
Monetary Policy Satement - March 2012 View
Monetary Policy Satement - September 2011 View
Monetary Policy Satement - March 2011 View
Monetary Policy Satement - September 2009 View
Monetary Policy Satement - September 2008 View
Monetary Policy Satement - March 2008 View

 

You are here: Home PUBLICATIONS Monetary Policy Statement