The National Bank of Kyrgyz Republic raised its benchmark interest by 100 basis points to 7.5 percent on July 27th, 2021. It was the third rate hike in this year, bringing discount rate to levels not seen since April 2016, as the country's annual inflation rate accelerated, due mainly to rising world prices for food products. In the first half of 2021, the real GDP growth was 3.7 percent. Meanwhile, the annual inflation rate was 15 percent in July (as of 16). Policymakers said that they will continue to regularly assess the impact of external and internal factors on inflation and align monetary policy accordingly. The central bank also raised its overnight credit and deposit rates by 100 basis points to 8 percent and 5.25 percent, respectively. source: National Bank of the Kyrgyz Republic
Interest Rate in Kyrgyzstan averaged 6.15 percent from 2011 until 2021, 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 July of 2021.
Interest Rate in Kyrgyzstan is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kyrgyzstan Interest Rate is projected to trend around 9.00 percent in 2022 and 8.00 percent in 2023, according to our econometric models.