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 June 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.

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Kyrgyzstan Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-01 04:30 AM 10% 8.5% 8.5%
2022-04-26 01:00 AM 14% 14% 16%
2022-05-31 04:00 AM 14% 14% 15.5%
2022-07-25 04:30 AM 14%
2022-08-29 04:30 AM
2022-10-31 04:30 AM


Related Last Previous Unit Reference
Interest Rate 14.00 14.00 percent May 2022
Money Supply M0 123885.75 116604.90 KGS Million Mar 2022
Foreign Exchange Reserves 2761.94 2816.07 USD Million Mar 2022
Money Supply M2 231736.80 231595.80 KGS Million Mar 2022
Money Supply M1 179985.50 179413.30 KGS Million Mar 2022

Kyrgyzstan Interest Rate
In Kyrgyzstan, interest rate decisions are taken by the National Bank of the Kyrgyz Republic. The official interest rate is the discount rate.
Actual Previous Highest Lowest Dates Unit Frequency
14.00 14.00 14.00 2.64 2011 - 2022 percent Daily

News Stream
Kyrgyzstan Holds Key Rate at 14%
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.
2022-05-31
Kyrgyzstan Holds Interest Rate at 14%
The National Bank of Kyrgyz Republic left its benchmark interest at 14 percent during its April meeting, amid rising inflation and escalating tensions in Ukraine. The decision came after the central bank raised the rate by 400bps in March, which was the fourth of its kind since October last year. The annual inflation rate was 14.3 percent in April 2022, boosted by an increase in food and fuel prices. Meanwhile, the GDP grew by 4.5 percent year-on-year in the first quarter of the year, largely due to the recovery of economic sectors, mainly in the industrial, service and agricultural sectors, after declining in early 2021. The central bank also kept its overnight credit and deposit rates at 16 percent and 12 percent, respectively. 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.
2022-04-26
Kyrgyzstan Hikes Key Rate by 150 Bps to 10%
The National Bank of Kyrgyz Republic raised its benchmark interest by 150 basis points to 10 percent on February 28th, 2022, amid ongoing Covid-19 infections, inflationary pressures, and rising geopolitical risk in eastern Europe. The decision followed a 50 basis-points hike in January, bringing the rate to levels not seen since February 2016. The average inflation rate is expected at 12 percent in 2022. Meanwhile, the annual inflation rate was 10.6 percent in February 2022 (as of 18), boosted by an increase in food and fuel prices. The committee reiterated that they would continue to regularly assess the impact of external and internal factors on inflation and take appropriate monetary policy measures depending on the economic situation. The central bank also hiked its overnight credit by 150 basis points to 10.5 percent, and deposit rates by 250 basis points to 8.0 percent.
2022-03-01