Monetary Policy Data
- Details
- Category: Financial Statistics
- Last Updated: 25 August 2023
June 2023
| Monetary Policy Data |
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| Jun 23 | May 23 | Jun 22 | |
| Foreign Reserves (TOP million) | 921.4 | 864.8 | 871.2 |
| Months of Imports (trade estimate) | 13.0 | 12.4 | 14.4r |
| Months of Imports (Overseas Exchange Transactions estimate) | 13.8 | 13.2 | 16.4 |
| Inflation (apc) | 7.4 | 6.6 | 11.2 |
| Imported (apc) | 3.9 | 3.3 | 12.2 |
| Domestic (apc) | 12.0 | 10.9 | 10.0 |
| Activity Indicators | |||
| Total Credit Growth (apc)1 | 8.4 | 7.5 | -1.9 |
| Total Outstanding Loan (Ann. Tot $ m)1 | 513.0 | 505.2 | 473.4 |
| Household (apc) | 2.2 | 1.6 | -3.2 |
| Business (apc) | 16.5 | 15.4 | -1.2 |
| Total Deposits (TOP million) | 901.3 | 859.3 | 868.6 |
| Total Deposits (apc) | 3.8 | 0.1 | 8.6 |
| Exchange Settlement Accounts (TOP million) | 359.2 | 317.7 | 409.6 |
| NRBT Notes on issue (TOP million) | 0.0 | 0.0 | 0.0 |
| Banks' holding of Govt Securities (TOP million) | 41.7 | 41.7 | 40.0 |
| Broad Money (M2, TOP million) | 841.8 | 822.3 | 846.7 |
| Overseas Exchange Transactions | |||
| Total OET Payments (annual Total, TOP million) | 1051.2 | 1035.0 | 804.5r |
| Total OET Payments (apc) | 30.7 | 30.1 | 13.3r |
| Total OET Receipts (annual Total, TOP million) | 1186.1 | 1056.1 | 963.2r |
| Total OET Receipts (apc) | 23.1 | 4.5 | 1.5r |
| Imports (annual Total, TOP million) | 630.2 | 623.5 | 511.3r |
| Imports (apc) | 23.3 | 25.6 | 9.4 |
| Exports (annual Total, TOP million) | 10.3 | 9.8 | 12.0 |
| Exports (apc) | -14.0 | -22.8 | -6.2 |
| Travel Receipts (annual Total, TOP million) | 103.0 | 92.0 | 22.7 |
| Travel Receipts (apc) | 354.3 | 316.5 | 9.4 |
| Remittances (annual Total, TOP million) | 526.9 | 516.8 | 474.5r |
| Remittances (apc) | 11.0 | 9.1 | 2.9r |
| Financial Markets | |||
| Exchange Rate | |||
| USD/TOP | 0.4232 | 0.4242 | 0.4296 |
| AUD/TOP | 0.6292 | 0.6363 | 0.6096 |
| NZD/TOP | 0.6889 | 0.6811 | 0.6746 |
| FJD/TOP | 0.9214 | 0.9201 | 0.9133 |
| Nominal Effective Exchange Rate Index | 94.77 | 94.31 | 93.19r |
| Real Effective Exchange Rate Index | 120.84 | 118.94I | 118.21 |
| Interest Rates | |||
| Weighted Average Lending Rate (%)1 | 7.71 | 7.78 | 7.77 |
| Housing (%) | 8.06 | 8.14 | 8.10 |
| Business (%)1 | 6.93 | 7.00 | 7.27 |
| Weighted Average Deposit Rate (%) | 1.57 | 1.50 | 1.63 |
| 12-month term (%) | 3.94 | 3.94 | 3.47 |
| Savings (%) | 2.41 | 1.69 | 2.34 |
| Term (%) | 3.03 | 3.04 | 2.96 |
|
Notes: apc = annual percent change |
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| Prepared by the Economics Department | National Reserve Bank of Tonga | Last Updated on 24 August 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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