The National Bank of Kyrgyz Republic kept its benchmark interest at 14 percent during its May meeting, amid moderating inflation and uncertainty in global conditions. The annual inflation eased to 13.8 percent in April from 14.5 percent in March, due to the relative stabilization of the situation in world food markets. Meanwhile, the GDP expanded by 5.4 percent year-on-year in the first four months of the year, rebounding sharply from a 3 percent contraction in the same period 2021, amid further recovery in economic sectors. The Committee added that they will continue to monitor of external and internal factors and takes appropriate monetary policy measures to ensure that inflation remains within the target in the medium term. The central bank also left its overnight credit and deposit rates at 16 percent and 12 percent, respectively. source: National Bank of the Kyrgyz Republic
Interest Rate in Kyrgyzstan averaged 6.35 percent from 2011 until 2022, reaching an all time high of 14 percent in March of 2022 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 July of 2022.
Interest Rate in Kyrgyzstan is expected to be 16.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kyrgyzstan Interest Rate is projected to trend around 12.00 percent in 2023 and 8.00 percent in 2024, according to our econometric models.