Regulatory Alerts2026-03-06
Added · Updated
Tonga Continues New Norm of Market Based Monetary Policy Through Modernization of Tools
The National Reserve Bank of Tonga maintained a neutral monetary policy stance with the policy rate unchanged at 2 percent in its February 2026 statement. The central bank is modernizing its operational framework by making NRBT Notes Issuance the new norm to strengthen market-based transmission mechanisms and reactivate the interbank market. While headline inflation moderated to 3.1 percent, core inflation remains elevated at 10 percent, prompting the Bank to monitor geopolitical risks and coordinate with the government on fiscal and structural reforms.
Topics
monetary
Share