The National Bank of Kyrgyz Republic raised its benchmark interest by 100 basis points to 6.5 percent on March 27th, 2021. It is the second rate hike in two months, bringing the discount rate to levels not seen since April 2016, as the country's annual inflation rate accelerated, due to the impact of a faster rise in import prices, mainly in the food and fuel prices. In April 2021 (on the 16th), annual inflation was 8.6 percent. Policymakers said there was excessive liquidity in the country's banking system, which could exacerbate inflation risks. The central bank also raised its overnight credit and deposit rates by 100 basis points to 7 percent and 4.25 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 May of 2021.

Interest Rate in Kyrgyzstan is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Kyrgyzstan to stand at 7.00 in 12 months time. In the long-term, the Kyrgyzstan Interest Rate is projected to trend around 7.50 percent in 2022 and 8.00 percent in 2023, according to our econometric models.

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Kyrgyzstan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.50 5.50 13.73 2.64 2011 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 04:00 AM 5.0% 5.0% 5.0%
2020-09-29 04:00 AM 5.0% 5.0% 5.0%
2021-01-26 04:00 AM 5% 5%
2021-04-27 04:00 AM 6.5% 5.5% 6.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Kyrgyzstan Hikes Key Rate by 100 Bps to 6.5%
The National Bank of Kyrgyz Republic raised its benchmark interest by 100 basis points to 6.5 percent on March 27th, 2021. It is the second rate hike in two months, bringing the discount rate to levels not seen since April 2016, as the country's annual inflation rate accelerated, due to the impact of a faster rise in import prices, mainly in the food and fuel prices. In April 2021 (on the 16th), annual inflation was 8.6 percent. Policymakers said there was excessive liquidity in the country's banking system, which could exacerbate inflation risks. The central bank also raised its overnight credit and deposit rates by 100 basis points to 7 percent and 4.25 percent, respectively.
2021-04-27
Kyrgyzstan Hikes Key Rate by 50 Bps to 5.5%
The National Bank of Kyrgyz Republic raised its benchmark interest by 50 basis points to 5.5 percent on February 24th, 2021. This was the first-rate adjustment in a year and the highest level since April 2018, as the country's annual inflation rate climbed for the fifth straight month to 10.1 percent in January, the highest since February 2015. Policymakers said there was excessive liquidity in the country's banking system, which could exacerbate inflation risks.
2021-02-24
Kyrgyzstan Leaves Interest Rate Steady at 5%
The National Bank of Kyrgyz Republic held its benchmark interest rate steady at 5 percent on 28th September 2020, following the gradual recovery of the economy after the loosening of the restrictive measures to prevent the spread of the coronavirus outbreak. The decision is consistent with the effort to anchor inflation and support the real sector of the economy. The bank seeks to maintain the inflation within the range 5-7 percent target in the medium term. Consumer prices rose by 5.1 percent year-on-year in September 2020 (as of the 18th)). The central bank also kept its overnight credit and deposit rates at 5.75 percent and 2.75 percent, respectively.
2020-09-29
Kyrgyzstan Holds Interest Rate at 5%
The National Bank of Kyrgyz Republic left its benchmark interest rate at 5 percent on 30th June 2020, following the recent coronavirus outbreak and its negative impact on Kyrgyz's economy. The decision is consistent with the effort to anchor inflation and support the real sector of the economy. The bank seeks to maintain the inflation within the range 5-7 percent target in the medium term. Consumer prices increased by 6.1 percent year-on-year in June 2020 (as of June). The central bank also held its overnight credit and deposit rates at 5.75 percent and 2.75 percent, respectively.
2020-06-30

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.