The National Bank of Kyrgyz Republic kept its benchmark interest at 7.5 percent on September 2nd, 2021, after a 100bps hikes in the previous meeting. Policymakers said that the current level was consistent with efforts to support the economy, amid rising inflation pressures. In January - July 2021 period, the GDP contracted by 1.6 percent from a year earlier. Meanwhile, the annual inflation rate was 14.1 percent in August (as of 20), boosted by an increase in administrative prices and tariffs. The Committee added that they will continue to regularly assess the impact of external and internal factors on inflation and takes appropriate monetary policy measures depending on the economic situation. source: National Bank of the Kyrgyz Republic

Interest Rate in Kyrgyzstan averaged 6.16 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 October of 2021.

Interest Rate in Kyrgyzstan is expected to be 7.50 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


Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 04:00 AM 6.5% 6.5%
2021-07-27 04:00 AM 7.5% 6.5% 6.5%
2021-09-02 04:00 AM 7.5% 7.5% 8%


News Stream
Kyrgyzstan Leaves Interest Rate Steady at 7.5%
The National Bank of Kyrgyz Republic kept its benchmark interest at 7.5 percent on September 2nd, 2021, after a 100bps hikes in the previous meeting. Policymakers said that the current level was consistent with efforts to support the economy, amid rising inflation pressures. In January - July 2021 period, the GDP contracted by 1.6 percent from a year earlier. Meanwhile, the annual inflation rate was 14.1 percent in August (as of 20), boosted by an increase in administrative prices and tariffs. The Committee added that they will continue to regularly assess the impact of external and internal factors on inflation and takes appropriate monetary policy measures depending on the economic situation.
2021-09-02
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 Last Unit Reference Previous Highest Lowest
Interest Rate 7.50 percent Sep/21 7.50 13.73 2.64
Money Supply M0 128131.40 KGS Million Jul/21 124783.66 128131.40 19409.96
Foreign Exchange Reserves 2860.74 USD Million Aug/21 2655.37 3071.18 1033.15
Money Supply M2 234053.90 KGS Million Jul/21 229031.20 234053.90 31518.18
Money Supply M1 185738.50 KGS Million Jul/21 181046.90 185738.50 10515.74


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.