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.

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Kyrgyzstan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.50 6.50 13.73 2.64 2011 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-01-26 04:00 AM 5% 5%
2021-04-27 04:00 AM 6.5% 5.5% 6.5%
2021-06-01 04:00 AM 6.5% 6.5%
2021-07-27 04:00 AM 7.5% 6.5% 6.5%
2021-08-30 04:00 AM 7.5% 8%


News Stream
Kyrgyzstan Hikes Key Rate by 100 Bps to 7.5%
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.
2021-07-27
Kyrgyzstan Leaves Monetary Policy Unchanged
The National Bank of Kyrgyz Republic held its benchmark interest at 6.5 percent on June 1st, 2021, after a 100 bps hike in the previous month, amid the gradual recovery of the economic activity. In January-April 2021, the real GDP growth was 1.1 percent. Meanwhile, the annual inflation rate was 10.7 percent in May (as of 21). Policymakers said there was excessive liquidity in the country's banking system, which could exacerbate inflation risks. The central bank also kept its overnight credit and deposit rates at 7 percent and 4.25 percent, respectively.
2021-06-01
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 April 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 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.