Monetary Policy Data
- Details
- Category: Financial Statistics
- Last Updated: 26 July 2024
May 2024
| Monetary Policy Data |
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| May 24 |
Apr 24 |
May 23 |
|
| Foreign Reserves (TOP million) | 893.0 | 904.8 | 864.8 |
| Months of Imports (trade estimate) | 11.5 | 11.6 | 11.1r |
| Months of Imports (Overseas Exchange Transactions estimate) | 11.4 | 11.6 | 13.2 |
| Inflation (apc) | 4.9 | 3.8 | 6.6 |
| Imported (apc) | 2.8 | 2.9 | 3.3 |
| Domestic (apc) | 7.5 | 4.9 | 10.9 |
| Activity Indicators | |||
| Total Credit Growth (apc)1 | 5.7 | 5.5 | 7.5 |
| Total Outstanding Loan (Ann. Tot $ m)1 | 533.8 | 530.2 | 505.2 |
| Household (apc) | 5.9 | 5.5 | 1.6 |
| Business (apc) | 5.4 | 5.5 | 15.4 |
| Total Deposits (TOP million) | 934.8 | 901.4 | 859.3 |
| Total Deposits (apc) | 8.8 | 3.3 | 0.1 |
| Exchange Settlement Accounts (TOP million) | 353.4 | 338.4 | 317.7 |
| NRBT Notes on issue (TOP million) | 0.0 | 0.0 | 0.0 |
| Banks' holding of Govt Securities (TOP million) | 36.6 | 36.6 | 41.7 |
| Broad Money (M2, TOP million) | 889.2 | 849.5 | 822.3 |
| Reserve Money** (TOP million) | 605.4 | 584.1 | 557.5 |
| Overseas Exchange Transactions | |||
| Total OET Payments (annual Total, TOP million) | 1150.0 | 1149.1 | 1037.0r |
| Total OET Payments (apc) | 10.9 | 12.1 | 30.3r |
| Total OET Receipts (annual Total, TOP million) | 1252.4 | 1247.7r | 1058.0r |
| Total OET Receipts (apc) | 18.4 | 19.8 | 4.7r |
| Imports (annual Total, TOP million) | 667.1 | 669.5 | 623.9r |
| Imports (apc) | 6.9 | 9.0 | 25.7r |
| Exports (annual Total, TOP million) | 8.7 | 8.6 | 9.8 |
| Exports (apc) | -11.1 | -15.8 | -22.7r |
| Travel Receipts (annual Total, TOP million) | 144.9 | 141.1 | 92.0 |
| Travel Receipts (apc) | 57.5 | 67.4 | 316.5 |
| Remittances (annual Total, TOP million) | 523.7 | 529.8 | 518.7r |
| Remittances (apc) | 1.0 | 4.2 | 9.5r |
| Financial Markets | |||
| Exchange Rate | |||
| USD/TOP | 0.4217 | 0.4188 | 0.4242 |
| AUD/TOP | .6358 | 0.6426 | 0.6363 |
| NZD/TOP | 0.6946 | 0.7016 | 0.6811 |
| FJD/TOP | 0.9401 | 0.9376 | 0.9201 |
| Nominal Effective Exchange Rate Index | 95.42 | 95.73 | 94.31 |
| Real Effective Exchange Rate Index | 121.28 | 120.60 | 118.94i |
| Interest Rates | |||
| Weighted Average Lending Rate (%)1 | 7.79 | 7.71 | 7.78 |
| Housing (%) | 8.00 | 7.99 | 8.14 |
| Business (%)1 | 6.99 | 6.81 | 7.00 |
| Weighted Average Deposit Rate (%) | 0.00 | 1.59 | 1.65r |
| 12-month term (%) | 3.67 | 3.67 | 3.94 |
| Savings (%) | 2.51 | 2.49 | 2.37r |
| Term (%) | 0.00 | 3.00 | 3.04 |
|
Notes: apc = annual percent change |
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| Prepared by the Economics Department | National Reserve Bank of Tonga | Last Updated on 25 July 2024 | ||
Monetary Policy Data Releases
2014
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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 |
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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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