
Tonga: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 8.01 percent as of Q2 2024, an increase compared to the previous value of 7.99 percent. Historically, the average for Tonga from Q1 2003 to Q2 2024 is 9.36 percent. The minimum of 7.99 percent was recorded in Q4 2023, 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 |
---|---|
2024  Q2 | 8.01 |
2024  Q1 | 7.99 |
2023  Q4 | 7.99 |
2023  Q3 | 8.01 |
2023  Q2 | 8.06 |
2023  Q1 | 8.14 |
2022  Q4 | 8.13 |
2022  Q3 | 8.12 |
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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 | 2022 | index points |
USD exchange rate | 2.3416 | 1/2025 | 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 |