The benchmark interest rate in Mongolia was last recorded at 11 percent. Interest Rate in Mongolia averaged 11.75 percent from 2007 until 2019, reaching an all time high of 15 percent in August of 2016 and a record low of 6.40 percent in July of 2007.

Interest Rate in Mongolia is expected to be 11.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Mongolia to stand at 9.50 in 12 months time. In the long-term, the Mongolia Interest Rate is projected to trend around 7.50 percent in 2020, according to our econometric models.

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Mongolia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.00 15.00 6.40 2007 - 2019 percent Daily

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

Mongolia Money Last Previous Highest Lowest Unit
Interest Rate 11.00 11.00 15.00 6.40 percent [+]
Interbank Rate 11.11 11.26 15.96 5.96 percent [+]
Banks Balance Sheet 34953489.28 34650397.50 34953489.28 3295107.90 MNT Million [+]
Deposit Interest Rate 11.10 11.00 400.00 10.20 percent [+]
Money Supply M1 3804338.60 3935056.00 4104473.30 262113.50 MNT Million [+]
Money Supply M2 20432872.80 20475667.50 20475667.50 1145392.30 MNT Million [+]
Foreign Exchange Reserves 3985.60 3688.70 4125.80 326.00 USD Million [+]
Central Bank Balance Sheet 8765448.00 8577379.30 9277479.60 193448.70 MNT Million [+]