Interbank Rate in Mongolia decreased to 8.95 percent in June from 10.96 percent in February of 2020.

Interbank Rate in Mongolia averaged 11.38 percent from 2010 until 2020, reaching an all time high of 15.96 percent in November of 2016 and a record low of 5.96 percent in January of 2010. This page provides - Mongolia Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Three Month Interbank Rate - values, historical data and charts - was last updated on October of 2020.

Interbank Rate in Mongolia is expected to be 10.79 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Mongolia to stand at 8.84 in 12 months time. In the long-term, the Mongolia Three Month Interbank Rate is projected to trend around 8.79 percent in 2021 and 8.84 percent in 2022, according to our econometric models.

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Mongolia Three Month Interbank Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.95 10.96 15.96 5.96 2010 - 2020 percent Monthly

Mongolia Money Last Previous Highest Lowest Unit
Interest Rate 8.00 9.00 15.00 6.40 percent [+]
Interbank Rate 8.95 10.96 15.96 5.96 percent [+]
Banks Balance Sheet 34689860.97 34970594.73 35859341.42 3295107.90 MNT Million [+]
Deposit Interest Rate 10.00 10.70 400.00 9.80 percent [+]
Money Supply M1 3426463.50 3466219.60 4180772.30 262113.50 MNT Million [+]
Money Supply M2 20231822.80 20451764.70 20833777.90 1145392.30 MNT Million [+]
Foreign Exchange Reserves 3844.20 4094.20 4371.30 326.00 USD Million [+]
Central Bank Balance Sheet 3525393.47 3944551.52 9277479.60 193448.70 MNT Million [+]

Mongolia Three Month Interbank Rate
The interbank rate is the rate of interest charged on short-term loans made between banks in the local currency.