The National Bank of Kyrgyz Republic kept its benchmark interest at 7.5 percent on September 2nd, 2021, after a 100bps hikes in the previous meeting. Policymakers said that the current level was consistent with efforts to support the economy, amid rising inflation pressures. In January - July 2021 period, the GDP contracted by 1.6 percent from a year earlier. Meanwhile, the annual inflation rate was 14.1 percent in August (as of 20), boosted by an increase in administrative prices and tariffs. The Committee added that they will continue to regularly assess the impact of external and internal factors on inflation and takes appropriate monetary policy measures depending on the economic situation. source: National Bank of the Kyrgyz Republic
Interest Rate in Kyrgyzstan averaged 6.16 percent from 2011 until 2021, 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 September of 2021.
Interest Rate in Kyrgyzstan is expected to be 7.50 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 9.00 percent in 2022 and 8.00 percent in 2023, according to our econometric models.