The benchmark interest rate in Mongolia was last recorded at 6 percent. source: Mongolbank

Interest Rate in Mongolia averaged 11.25 percent from 2007 until 2021, reaching an all time high of 15 percent in August of 2016 and a record low of 6 percent in November of 2020. 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 - values, historical data and charts - was last updated on October of 2021.

Interest Rate in Mongolia is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Interest Rate is projected to trend around 7.00 percent in 2022, according to our econometric models.

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Mongolia Interest Rate

Mongolia Last Unit Reference Previous Highest Lowest
Interest Rate 6.00 percent Sep/21 6.00 15.00 6.00
Foreign Exchange Reserves 4433.90 USD Million Aug/21 4576.70 4891.60 326.00
Money Supply M2 26917763.60 MNT Million May/21 26761810.40 26917763.60 1145392.30
Money Supply M1 5761264.40 MNT Million May/21 5201593.20 5761264.40 262113.50

Mongolia Interest Rate
In Mongolia, interest rates decisions are taken by the Bank of Mongolia (Mongolbank). The official interest rate is the Policy Rate.