Tonga Lending Rate
Lending interest rate FR.INR.LEND
Tonga's lending rate was 7.74% in 2025, ranked 64th globally. This represents a 0.3% decrease from 2024. Data from World Bank, covering 2012–2025.
Overview
Tonga's lending rate stood at 7.74% in 2025, a decline of +0.02pp from 2024. Based on recent trends, this figure is projected to reach 7.74% by 2025. Tonga ranked 64th globally.
Tonga’s policy lending rate fell from its all‑time peak of 9.93% in 2012 to a trough of 7.74% in 2023, a decline that has persisted through the 14‑year series and placed the kingdom at 64th globally in 2025 with a rate of 7.74%. The reduction reflects a gradual easing of monetary conditions after the post‑global‑financial‑crisis tightening episode that pushed rates above 9% in the early 2010s. Compared with peer economies of similar rank, Tonga’s rate is marginally lower than India’s 7.80% and higher than Cabo Verde’s 7.52%, suggesting a moderately accommodative stance within the region. The sustained downward trajectory indicates that, barring external shocks or a reversal in inflation dynamics, the lending rate is likely to remain near the current trough, with further modest cuts possible if fiscal consolidation and low inflation endure.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 7.71% | - | - |
| 2026* trend | 7.73% | - | - |
| 2025* trend | 7.74% | - | - |
| 2025 | 7.74% | −0.02pp | #64 |
| 2024 | 7.76% | +0.03pp | #31 |
| 2023 | 7.74% | −0.12pp | #33 |
| 2022 | 7.86% | +0.10pp | #41 |
| 2021 | 7.76% | −0.07pp | #56 |
| 2020 | 7.83% | −0.24pp | #50 |
| 2019 | 8.07% | +0.03pp | #43 |
| 2018 | 8.04% | +0.17pp | #45 |
| 2017 | 7.87% | −0.06pp | #51 |
| 2016 | 7.93% | −0.31pp | #49 |
| 2015 | 8.24% | −0.41pp | #55 |
| 2014 | 8.64% | −0.71pp | #57 |
| 2013 | 9.35% | −0.57pp | #64 |
| 2012 | 9.93% | – | #66 |
Detected Pattern
Analysis
Tonga matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Tonga's lending rate was 7.74% in 2025. Ranked 64th globally. This represents a 0.3% decrease from the previous year.
Tonga's lending rate peaked at 9.93% in 2012.
The lowest lending rate in Tonga was 7.74% in 2023.
Tonga ranks 64th globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
Tonga's lending rate is projected to reach 7.74% by 2025 based on trend extrapolation.
The lending rate of Tonga in 2025 was 7.74%. This ranks 64th in the world.
Cite this page
@misc{historysaid_tonga_lending-rate,
title = {Tonga Lending Rate},
url = {https://historysaid.com/tonga/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}