Mongolia Interest Rate  2007-2018 | Data | Chart | Calendar | Forecast

Mongolia's central bank lowered its benchmark interest rate by one percentage point to 10 percent from 11 percent at its March 2018 meeting. It is the second reduction in three months, as policymakers viewed inflation rate was below their target level of 8 percent for this year. In February 2018, annual inflation rate stood at 6.9 percent, the same as in the prior month and 6.4 percent in December 2017. Policymakers also decided to slash the reserve requirement ratio for commercial banks to 10.5 percent of tugrik deposits from 12.5 percent. In summer 2016, the central bank raised its key rate to 15 percent following a collapse of local currency tugrik. The country then turned to the International Monetary Fund for an economic bail-out. Interest Rate in Mongolia averaged 11.93 percent from 2007 until 2018, reaching an all time high of 15 percent in August of 2016 and a record low of 6.40 percent in July of 2007.

Mongolia Interest Rate
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Mongolia Money Last Previous Highest Lowest Unit
Interest Rate 10.00 11.00 15.00 6.40 percent [+]
Banks Balance Sheet 28030507.66 28772907.53 28772907.53 3295107.90 MNT Million [+]
Deposit Interest Rate 13.30 13.00 400.00 10.47 percent [+]
Money Supply M1 2633404.60 2825996.80 2825996.80 262113.50 MNT Million [+]
Money Supply M2 15758280.10 15861198.50 15861198.50 1145392.30 MNT Million [+]
Interbank Rate 13.63 13.63 21.37 0.00 percent [+]
Foreign Exchange Reserves 2804.30 3008.10 4125.80 326.00 USD Million [+]
Central Bank Balance Sheet 7266764.00 6268954.40 8016387.30 193448.70 MNT Million [+]

Mongolia Interest Rate

In Mongolia, interest rates decisions are taken by the Bank of Mongolia (Mongolbank). The official interest rate is the Policy Rate. This page provides the latest reported value for - Mongolia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mongolia Interest Rate - actual data, historical chart and calendar of releases - was last updated on March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.00 11.00 15.00 6.40 2007 - 2018 percent Daily

interest rate by Country
Country Last
Turkey 8.00 Mar/18
Mexico 7.50 Feb/18
Russia 7.25 Mar/18
Brazil 6.50 Mar/18
India 6.00 Feb/18
China 4.35 Feb/18
Indonesia 4.25 Mar/18
United States 1.75 Mar/18
Australia 1.50 Mar/18
South Korea 1.50 Feb/18
Canada 1.25 Mar/18
United Kingdom 0.50 Mar/18
Euro Area 0.00 Mar/18
France 0.00 Mar/18
Germany 0.00 Mar/18
Italy 0.00 Mar/18
Netherlands 0.00 Mar/18
Spain 0.00 Mar/18
Japan -0.10 Mar/18
Switzerland -0.75 Mar/18