The National Bank of Kyrgyz Republic kept its key interest unchanged at 13% during its January of 2023 meeting, amid manageable inflation and a steady recovery in GDP growth. The annual inflation in the country was a 1.2% as of January 20, 2023. The stabilisation of the situation on the global energy and food markets will influence the slowdown of inflation in the second half of 2023. Meanwhile, the recent data showed that the economy grew 7% in 2022, largely boosted by a rise in activity of services, industry, agriculture sectors and domestic demand. The board reaffirmed its to continue monitoring the current situation both at home and abroad, and, if necessary, take appropriate measures to achieve price stability in the medium term. The central bank also left its overnight credit and deposit rates at 15% and 10%, respectively. source: National Bank of the Kyrgyz Republic

Interest Rate in Kyrgyzstan averaged 6.57 percent from 2011 until 2023, reaching an all time high of 14.00 percent in March of 2022 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 February of 2023.

Interest Rate in Kyrgyzstan is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Kyrgyzstan Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-01 04:30 AM 14% 14% 14%
2022-11-29 04:00 AM 13% 14% 14%
2023-01-31 04:00 AM 13% 13% 13%
2023-02-28 04:00 AM 13%
2023-04-25 04:00 AM
2023-05-30 04:00 AM


Related Last Previous Unit Reference
Interest Rate 13.00 13.00 percent Jan 2023
Money Supply M0 173339.10 174447.50 KGS Million Nov 2022
Foreign Exchange Reserves 2500.42 2567.82 USD Million Sep 2022
Money Supply M2 318974.40 310181.50 KGS Million Nov 2022
Money Supply M1 260294.30 253046.60 KGS Million Nov 2022

Kyrgyzstan Interest Rate
In Kyrgyzstan, interest rate decisions are taken by the National Bank of the Kyrgyz Republic. The official interest rate is the discount rate.
Actual Previous Highest Lowest Dates Unit Frequency
13.00 13.00 14.00 2.64 2011 - 2023 percent Daily

News Stream
Kyrgyzstan Holds Rates at 13%
The National Bank of Kyrgyz Republic kept its key interest unchanged at 13% during its January of 2023 meeting, amid manageable inflation and a steady recovery in GDP growth. The annual inflation in the country was a 1.2% as of January 20, 2023. The stabilisation of the situation on the global energy and food markets will influence the slowdown of inflation in the second half of 2023. Meanwhile, the recent data showed that the economy grew 7% in 2022, largely boosted by a rise in activity of services, industry, agriculture sectors and domestic demand. The board reaffirmed its to continue monitoring the current situation both at home and abroad, and, if necessary, take appropriate measures to achieve price stability in the medium term. The central bank also left its overnight credit and deposit rates at 15% and 10%, respectively.
2023-01-31
Kyrgyzstan Cuts Rate for First Time Since 2019
The National Bank of Kyrgyz Republic slashed its key interest by 100 bps to 13% during its November meeting, the first rate cut since May 2019, citing manageable inflation and efforts to reduce the impact of lingering global headwinds. The annual inflation in the country was at 14.5% as of November 18th, compared with 15.4% in October. Meantime, recent data showed that the economy expanded 7.2% yoy in Q3, growing for the fourth straight quarter. As of the end of October, the country's GDP grew by 7%, supported by the industrial, service, and agricultural sectors. The committee reaffirmed its commitment to continue monitoring the current situation both at home and abroad, and, if necessary, take appropriate measures to achieve price stability in the medium term. The board also lowered the overnight credit by 100 bps to 15%, as did the deposit rate by 200 bps to 10%.
2022-11-29
Kyrgyzstan Maintains Benchmark Rate at 14%.
The National Bank of Kyrgyz Republic left its key interest unchanged at 14% during its October meeting, amid manageable inflation and continued efforts to minimize risks from external situations. The board said that until the third week of October, consumer prices in the country rose by 14.9% yoy in September, compared with a 15.5% gain in September. Policymakers recently expect cost pressures to slow in H1 of 2023, on potential improvement in the global economic situation and easing raw material prices that would be a support to the economy. During the first seven months of the year, Kyrgyztan's GDP grew 7.2% due to the impact of the low base of the previous year, with output expanding robustly for all sectors, namely industry, services, and agriculture. The committee reiterated that it will continue to monitor the current situation both at home and abroad, and, if necessary, takes appropriate measures to achieve price stability in the medium term.
2022-11-01