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′ ‘a e mahu‘inga hono ta‘ota‘ofi ‘a e hikihiki ‘i he tu‘unga ‘o e totongi koloa′ ‘i he kaha‘u vave mai′ ‘i he’ene ngāue atu ki hono fakaivia ‘a e fa‘unga ‘o e fokotu‘utu‘u ngāue fakapa‘anga′ ‘a ia ‘e malava ke ta’ota’ofi ‘a e hikihiki ‘i he tu‘unga ‘o e totongi koloa′, langa hake ha sekitoa fakapa′anga ‘oku tu‘uloa, tokoni‘i ‘a e fakaakeake faka‘ekonōmika′ pea mo faka‘ai‘ai ‘a e malu e tu'unga faka‘ekonōmika fakalukufua′.
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Results for Tonga monetary policy 2023
Tuesday 14 March 2023