2026-08-28

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Public Notice: Tonga Maintains Neutral Stance While Strengthening Monetary Policy Transmission

A neutral monetary policy stance is approved for the next six months, with the monetary policy rate remaining at 2 percent and the interest rate corridor maintained at 0 – 4 percent. The Statutory Reserve Deposit rate remains unchanged at 15 percent. The stance will remain data-dependent, with monetary policy subject to adjustment if demand-side inflationary pressures or second-round effects intensify.

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Tonga

National Reserve Bank of Tonga

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