Tonga: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 8.06 percent as of Q2 2023, a decline compared to the previous value of 8.14 percent. Historically, the average for Tonga from Q1 2003 to Q2 2023 is 9.42 percent. The minimum of 8.02 percent was recorded in Q2 2020, while the maximum of 12.17 percent was reached in Q1 2009.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: National Reserve Bank of Tonga
| Recent values | Tonga: Mortgage credit interest rate, percent |
|---|---|
| 2023 Q2 | 8.06 |
| 2023 Q1 | 8.14 |
| 2022 Q4 | 8.13 |
| 2022 Q3 | 8.12 |
| 2022 Q2 | 8.1 |
| 2022 Q1 | 8.1 |
| 2021 Q4 | 8.1 |
| 2021 Q3 | 8.1 |
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Definition: The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 6.4 | 2023 | percent |
| Exchange rate regimes | 6 | 2021 | index points |
| USD exchange rate | 2.3454 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 0.67 | 6/2023 | billion |
| Consumer Price Index (CPI) | 125.7000 | Q2/2023 | index points |
| Inflation, monthly | 2.28 | Q2/2023 | percent |
| Inflation, annual | 7.34 | Q2/2023 | percent |
| Private sector credit | 0.32 | 6/2023 | billion |
| Deposit interest rate | 3.90 | Q2/2023 | percent |
| Business credit interest rate | 6.93 | Q2/2023 | percent |
| Mortgage credit interest rate | 8.06 | Q2/2023 | percent |