Results for Tonga monetary policy 2023

Business and households’ purchasing power are declining, states the National Reserve Bank of Tonga, while stressing the importance of price stability in the short-term as it moves to strengthen the monetary policy framework that seeks to better control inflation, and build the resilience of the financial sector, promote macroeconomic stability and support economic growth recovery. The Monetary Policy Statement (MPS) for February 2023 outlines a revised monetary policy stance. ‘Oku ne holoki leva ‘a e ivi fakatau ‘a e ngaahi pisinisi′ mo e kakai′, pea ‘oku fakamamafa‘i ai ‘e he Pangikē Pule′ ...