Tonga: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 3.7 percent as of Q2 2024, no change compared to the previous value of 3.7 percent. Historically, the average for Tonga from Q1 2017 to Q2 2024 is 4.41 percent. The minimum of 3.39 percent was recorded in Q1 2023, while the maximum of 5.39 percent was reached in Q1 2017.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: National Reserve Bank of Tonga
| Recent values | Tonga: Bank deposit interest rate, percent |
|---|---|
| 2024 Q2 | 3.7 |
| 2024 Q1 | 3.7 |
| 2023 Q4 | 4.04 |
| 2023 Q3 | 3.88 |
| 2023 Q2 | 3.9 |
| 2023 Q1 | 3.39 |
| 2022 Q4 | 3.58 |
| 2022 Q3 | 3.49 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 6.4 | 2023 | percent |
| Exchange rate regimes | 6 | 2022 | index points |
| USD exchange rate | 2.3414 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 0.67 | 6/2023 | billion |
| Consumer Price Index (CPI) | 132.5170 | Q2/2024 | index points |
| Inflation, monthly | 4.45 | Q2/2024 | percent |
| Inflation, annual | 5.42 | Q2/2024 | percent |
| Private sector credit | 0.32 | 6/2023 | billion |
| Deposit interest rate | 3.70 | Q2/2024 | percent |
| Business credit interest rate | 6.97 | Q2/2024 | percent |
| Mortgage credit interest rate | 8.01 | Q2/2024 | percent |