The National Bank of Kyrgyz Republic held its benchmark interest rate steady at 4.25 percent on 27th August 2019. Also, the central bank maintained its overnight credit at 5.75 percent but raised its deposit rates by 25 bps to 2 percent. Consumer prices increased by 1.9 percent year-on-year in August 2019 (16th August). For 2019, the government expects inflation to average around 1.5 percent. Interest Rate in Kyrgyzstan averaged 6.31 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 4.25 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 4.75 percent in 2020, according to our econometric models.