The benchmark interest rate in Mongolia was last recorded at 8 percent.
Interest Rate in Mongolia averaged 11.61 percent from 2007 until 2020, reaching an all time high of 15 percent in August of 2016 and a record low of 6.40 percent in July of 2007. 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 2020.
Interest Rate in Mongolia is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Mongolia to stand at 7.00 in 12 months time. In the long-term, the Mongolia Interest Rate is projected to trend around 7.00 percent in 2021, according to our econometric models.