The National Bank of Kyrgyz Republic raised its benchmark interest by 50 basis points to 5.5 percent on February 24th, 2021. This was the first-rate adjustment in a year and the highest level since April 2018, as the country's annual inflation rate climbed for the fifth straight month to 10.1 percent in January, the highest since February 2015. Policymakers said there was excessive liquidity in the country's banking system, which could exacerbate inflation risks. source: National Bank of the Kyrgyz Republic
Interest Rate in Kyrgyzstan averaged 6.16 percent from 2011 until 2020, 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 April of 2021.
Interest Rate in Kyrgyzstan is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Kyrgyzstan to stand at 7.00 in 12 months time. In the long-term, the Kyrgyzstan Interest Rate is projected to trend around 7.50 percent in 2022 and 8.00 percent in 2023, according to our econometric models.