The National Bank of Kyrgyz Republic left its benchmark interest rate at 5 percent on 30th June 2020, following the recent coronavirus outbreak and its negative impact on Kyrgyz's economy. The decision is consistent with the effort to anchor inflation and support the real sector of the economy. The bank seeks to maintain the inflation within the range 5-7 percent target in the medium term. Consumer prices increased by 6.1 percent year-on-year in June 2020 (as of June). The central bank also held its overnight credit and deposit rates at 5.75 percent and 2.75 percent, respectively.
Interest Rate in Kyrgyzstan averaged 6.19 percent from 2011 until 2020, 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. This page provides - Kyrgyzstan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kyrgyzstan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Interest Rate in Kyrgyzstan is expected to be 5.00 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 4.75 in 12 months time. In the long-term, the Kyrgyzstan Interest Rate is projected to trend around 4.75 percent in 2021, according to our econometric models.