The National Bank of Kyrgyz Republic left its benchmark interest rate on hold at 4.50 percent on 26th March 2019, after cutting rates in the previous month. Policymakers expects Kyrgyzstan inflation at 5 percent by the end of the year and inflation is projected to average around 3 percent in 2019. Also, the central bank kept its overnight credit and deposit rates at 6 percent and 1.50 percent, respectively. Interest Rate in Kyrgyzstan averaged 6.34 percent from 2011 until 2019, reaching an all time high of 13.73 percent in December of 2011 and a record low of 2.64 percent in December of 2012.
Interest Rate in Kyrgyzstan is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Kyrgyzstan to stand at 4.50 in 12 months time. In the long-term, the Kyrgyzstan Interest Rate is projected to trend around 4.25 percent in 2020, according to our econometric models.