Tonga: Business credit interest rate

* indicates monthly or quarterly data series
 Tonga

Business credit interest rate, percent

 Latest value 6.93
 Reference Q2 2023
 Measure percent
 Data availability Q4 2009 - Q2 2023
 Average 8.45
 Min - Max 6.83 - 12.04
 Source National Reserve Bank of Tonga
For that indicator, we provide data for Tonga from Q4 2009 to Q2 2023. The average value for Tonga during that period was 8.45 percent with a minimum of 6.83 percent in Q1 2017 and a maximum of 12.04 percent in Q4 2009. Click on the following link to see the values of Business credit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
Tonga - Business credit interest rate - recent values

Historical chart
Tonga - Business credit interest rate - historical chart - 2009-2023
Measure: percent
Source: National Reserve Bank of Tonga


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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.

 Related indicators Latest value Reference Measure
 Inflation 11.0 2022 percent
 Exchange rate regimes 6 2021 index points
 USD exchange rate 2.3907 9/2023 Local Currency Units per USD
 Money supply (broad money) 0.67 9/2022 billion
 Consumer Price Index (CPI) 120.8000 Q3/2022 index points
 Inflation, monthly 3.16 Q3/2022 percent
 Inflation, annual 14.07 Q3/2022 percent
 Private sector credit 0.32 9/2022 billion
 Deposit interest rate 3.49 Q3/2022 percent
 Business credit interest rate 7.43 Q3/2022 percent
 Mortgage credit interest rate 8.12 Q3/2022 percent
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