Interest Rates


The National Reserve Bank of Tonga disseminates or re-disseminates data on the following interest rates in Tonga:•  NRBT minimum lending rate• Commercial banks lending rate (published rates, weighted average )•  Commercial banks deposit rate•  Times deposit rate (published and weighted average)•  Savings deposits rate (published and weighted average)• Government bond rates (1 and 5 years) (average yields)

Selected overseas interest rates are also re-disseminated quarterly Further details on interest rates over time are published by the NRBT in the National Reserve Bank of Tonga "Quarterly Bulletin". In particular: monthly and quarterly average rates on loans and advances of commercial banks by industry and overnight inter-bank rates are available on request.


 

The data in this table is reproduced from the Reserve Bank of Tonga Quarterly Bulletin.  For quarterly money and banking statistics please go to www.reservebank.to for more information.


icon Download Keystats Banking since 1991-1992 for more information


Selected Interest rates on Deposits and Bank lending: Year ended 30 June, Percent per annum

 2006-072007-082008-092009-102010-11
Deposits     
By original maturity(a)     
3 months 6.25 6.20 5.90 4.14 3.70
6 months 6.77 6.66 5.96 4.31 3.92
12 months 7.08 7.04 6.33 4.61 4.17
24 months 7.08 7.04 6.58 4.73 4.32
36 months 7.08 7.06 6.64 4.74 4.32
48 months 7.38 7.34 6.74 5.58 3.10
Weighted average of term and savings
deposites (b) 
5.75 5.75 5.26 3.79 1.57
Weighted average on savings deposits 3.2 3.2 2.06 1.52 3.39
Bank lending     
Selected rates on commercial bank loans     
Prime range rate (c) 9.38 10.00 10.00 9.58 9.58
Residential homes(d) 10.75 11.50 11.92 9.97 9.17
Selected rates on non-monetary financial institutions      
Prime range rate(e) 11.00 11.00 10.50 10.00 8.00
Business loans maximum rate(f) 15.50 15.50 15.00 14.50 14.00
Small scale subsistence(g) 11.50 11.50 11.00 10.50 10.00

Source: National Reserve Bank of Tonga Quarterly Bulletin

(a)  Interest rates listed are those available to general customers and to statutory boards

(b) Weights changed in 1991 and 1993

(c) Base rate is lowest rate charged Prior to December quarter 1992, this was the preferential rate.  This is the average minimum rate published by the commercial
     banks

(d) Average minimum rate published by the commercial banks on their residential housing loans

(e) Maximum rate published by the NMFI on their business loans

(f) Applies to loans for export oriented industries, manufacturing & raw materials processing, and tourism activities,  except restaurants

(g) Loans less than $1,000 for activity in agriculture, fisheries and livestock

Contact Organization: mail  National Reserve bank (NRBT).