IMF encourages Tonga to adopt ‘reference rate’ for inflation
The National Reserve Bank of Tonga (NRBT) should replace its ‘reference range' for inflation with a specific rate to help "policy co-ordination and discussion" according to an IMF staff report published on April 30.
The central bank has pursued an "informal inflation reference range" of 6–8% since 2011, in the context of a fixed exchange rate regime – the Tongan pa'anga is pegged to a basket of currencies comprising the Australian, New Zealand and US dollars.
However, headline inflation has
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Central Banking Awards 2024: fourth round announced
- Initiative of the year: the Netherlands Bank’s ChatDNB
- Payments and market infrastructure development: Federal Reserve Systems’ FedNow