28/08/2026
Tu’uma’u pē Tu’utu’uni Fakapa’anga Pangikē P**e ‘a Tonga΄, pea Hoko atu hono Fakamālohia e Ngāue mo e Ola ‘a e Ngaahi Fokotu’utu’u Ngāue Fakapā’anga΄.
Tu’utu’uni Ngāue: Kuo tali ‘e he Poate ‘a e kau Talēkita ‘o e Pangikē P**e Fakafonua ‘a Tonga´ (NRBT) ke “hoko atu e tu’unga tu’u tau’ataina e tu’utu’uni fakapa’anga ki he māhina ‘e ono ka hoko´”. ʻOku kei tuʻu maʻu pē ʻa e tuʻutuʻuni fakapaʻanga ʻi he peseti ʻe 2, hoko atu hono ngāue‘aki e matapā (corridor) ki he totongi tupu΄ ‘i he peseti ‘e 0–4, pea mo tu’uma’u ‘i he peseti ‘e 15 ‘a e lahi ‘o e fakahū pa’anga ‘i he ngaahi pangikē´ ‘oku tu’utu’uni’i ke tauhi talifaki ‘i he Pangikē P**e´.
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National Reserve Bank of Tonga Maintains Neutral Stance While Strengthening Monetary Policy Transmission
Policy Decision: The National Reserve Bank of Tonga (NRBT) Board of Directors has approved “maintaining a neutral monetary policy stance for the next six months”. The monetary policy rate will remain at 2 percent, the interest rate corridor will be maintained at 0 – 4 percent, and the Statutory Reserve Deposit rate will remain unchanged at 15 percent.
Headline inflation increased to 9.3% in July 2026, well above the NRBT 5% reference rate and highest since January 2024. This increase is adding to costs of living for households and raising costs for businesses, placing further strain on already constrained budgets. Inflation has been driven mainly by external supply-side shocks and, while elevated, remains below the higher level projected for second half of 2026.
