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.