The National Reserve Bank of Tonga’s board of directors at its meeting on the 3rd October 2017 approved to maintain its current monetary policy measures. This is to encourage utilisation of the excess liquidity in the banking system, through further lending, particularly to the growth sectors, in order to support economic growth, and strengthen the monetary policy transmission mechanism.

The National Reserve Bank of Tonga’s board of directors at its meeting on the 3rd October 2017 approved to maintain its current monetary policy measures. This is to encourage utilisation of the excess liquidity in the banking system, through further lending in order to support economic growth, and strengthen the monetary policy transmission mechanism.

At its monthly meeting on 7th September 2017, the Reserve Bank of Tonga’s Board maintained its accommodative monetary policy measures; encouraging utilizing of the excess liquidity, increase lending to support economic growth and strengthen monetary policy transmission mechanism.

The National Reserve Bank of Tonga releases today a report on a Demand Side Survey (DSS) conducted last year in partnership with the Tonga Department of Statistics together with the assistance of the Pacific Financial Inclusion Programme (PFIP) and the Bankable Frontier Associates (BFA).

At its monthly meeting on 31st July 2017, the Reserve Bank of Tonga’s Board maintained its accommodative monetary policy measures; encouraging utilizing of the excess liquidity, increase lending to support economic growth and strengthen monetary policy transmission mechanism.

The Reserve Bank has amended its Exchange Control requirements as reflected in the revised Exchange Control Policy Guidelines which the Reserve Bank’s Board of Directors at its meeting on 31st July 2017 has approved to be effective immediately.

At its meeting on the 31st July 2017, the National Reserve Bank of Tonga’s board of directors approved to release its Monetary Policy Statement (MPS) for February 2017. This Statement reviews Tonga’s economic growth and the Reserve Bank’s conduct of monetary policy in the six months to February 2017 and its outlook.

At its monthly meeting on 7th June 2017, the Reserve Bank of Tonga’s Board maintained its accommodative monetary policy measures; encouraging utilizing of the excess liquidity, increase lending to support economic growth and strengthen monetary policy transmission mechanism.

At its monthly meeting on 27th April 2017, the Reserve Bank of Tonga’s Board maintained its accommodative monetary policy measures; encouraging utilizing of the excess liquidity, increase lending to support economic growth and strengthen monetary policy transmission mechanism.

An International Monetary Fund (IMF) team led by Ms. Elena Loukoianova visited Nuku’alofa from March 22–28, to assess economic developments and discuss government policies. The team met with National Reserve Bank of Tonga (NRBT) Governor Dr. Sione Ngongo Kioa and Minister for Finance and National Planning Honorable Tevita Lavemaau, as well as development partners and private sector representatives.