Monetary Policy Data
- Details
- Category: Financial Statistics
- Last Updated: 26 May 2023
March 2023
| Monetary Policy Data |
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| Feb 23 | Jan 23 | Feb 22 | |
| Foreign Reserves (TOP million) | 883.7 | 911.2 | 861.4 |
| Months of Imports (trade estimate)1 | 12.9 | 13.7 | 14.5r |
| Months of Imports (Overseas Exchange Transactions estimate)1 | 14.2 | 15.0 | 16.8 |
| Inflation (apc)2 | 9.4 | 8.7 | 7.8 |
| Imported (apc) | 6.9 | 7.4 | 8.6 |
| Domestic (apc) | 12.7 | 10.4 | 6.9 |
| Activity Indicators | |||
| Total Credit Growth (apc)1 | 5.3 | 6.1 | -4.3r |
| Total Outstanding Loan (Ann. Tot $ m)1 | 493.0 | 501.4 | 468.1 |
| Household (apc) | 0.8 | 0.5 | -2.0 |
| Business (apc) | 11.5 | 13.6 | -7.3 |
| Total Deposits (TOP million) | 880.2 | 885.0 | 839.1 |
| Total Deposits (apc) | 4.9 | 4.3 | 18.4 |
| Exchange Settlement Accounts (TOP million) | 406.3 | 413.1 | 376.2 |
| NRBT Notes on issue (TOP million) | 0.0 | 0.0 | 0.0 |
| Banks' holding of Govt Securities (TOP million) | 41.7 | 41.7 | 40.7 |
| Broad Money (M2, TOP million) | 843.6 | 845.9 | 844.9 |
| Overseas Exchange Transactions | |||
| Total OET Payments (annual Total, TOP million) | 1016.6 | 979.5r | 750.5r |
| Total OET Payments (apc) | 35.5 | 30.3 | 10.3r |
| Total OET Receipts (annual Total, TOP million) | 1073.3 | 1067.9r | 977.6r |
| Total OET Receipts (apc) | 9.8 | 10.2 | 3.8r |
| Imports (annual Total, TOP million) | 608.5 | 586.6 | 479.1r |
| Imports (apc) | 27.0 | 19.6 | 7.0r |
| Exports (annual Total, TOP million) | 9.9 | 9.7 | 12.7 |
| Exports (apc) | -22.4 | -27.4 | 3.0 |
| Travel Receipts (annual Total, TOP million) | 79.6 | 73.1 | 21.1 |
| Travel Receipts (apc) | 277.9 | 243.8 | -9.3 |
| Remittances (annual Total, TOP million) | 506.5 | 494.9r | 479.9r |
| Remittances (apc) | 5.5 | 0.8 | 12.0r |
| Financial Markets | |||
| Exchange Rate | |||
| USD/TOP | 0.4243 | 0.4279 | 0.4405 |
| AUD/TOP | 0.6335 | 0.6170 | 0.6016 |
| NZD/TOP | 0.6824 | 0.6774 | 0.6453 |
| FJD/TOP | 0.9194 | 0.9163 | 0.9093 |
| Nominal Effective Exchange Rate Index | 93.13 | 93.55 | 90.47/b>r |
| Real Effective Exchange Rate Index | 116.13 | 117.16rr | 110.96 |
| Interest Rates | |||
| Weighted Average Lending Rate (%)1 | 7.82 | 7.86r | 7.83 |
| Housing (%) | 8.14 | 8.12r | 8.10 |
| Business (%)1 | 7.12 | 7.28 | 7.35 |
| Weighted Average Deposit Rate (%) | 1.42 | 1.55 | 1.70 |
| 12-month term (%) | 3.39 | 3.38 | 3.70 |
| Savings (%) | 1.52 | 2.31 | 2.36 |
| Term (%) | 2.81 | 2.79 | 3.06 |
|
Notes: apc = annual percent change |
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| Prepared by the Economics Department | National Reserve Bank of Tonga | Last Updated on 26 May 23 | ||
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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