The National Bank of Kyrgyz Republic kept its benchmark interest rate at 5 percent on 27th May 2020, amid restriction measures to curb the spreading of the coronavirus. 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 7.5 percent year-on-year in May 2020 (as of May 15). At the same time, the central bank maintained its overnight credit and deposit rates at 5.75 percent and 2.75 percent, respectively.

Interest Rate in Kyrgyzstan averaged 6.20 percent from 2011 until 2020, 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 June of 2020.

Interest Rate in Kyrgyzstan is expected to be 5.00 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 4.75 in 12 months time. In the long-term, the Kyrgyzstan Interest Rate is projected to trend around 4.75 percent in 2021, according to our econometric models.

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Kyrgyzstan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 13.73 2.64 2011 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-01-28 04:10 AM 4.25% 4.25% 4.25%
2020-02-25 04:00 AM 5.0% 4.25%
2020-03-31 04:00 AM 5.0% 5.0% 5.0%
2020-05-27 04:00 AM 5.0% 5.0% 5.0%


News Stream
Kyrgyzstan Holds Interest Rate Unchanged
The National Bank of Kyrgyz Republic kept its benchmark interest rate at 5 percent on 27th May 2020, amid restriction measures to curb the spreading of the coronavirus. 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 7.5 percent year-on-year in May 2020 (as of May 15). At the same time, the central bank maintained its overnight credit and deposit rates at 5.75 percent and 2.75 percent, respectively.
2020-05-27
Kyrgyzstan Holds Key Interest Rate at 5%
The National Bank of Kyrgyz Republic left its benchmark interest rate at 5 percent on 31st March 2020. This decision consistent with effort to anchor inflation and support GDP growth. The bank seeks to maintain the inflation within the range 5-7 percent target in medium term. Consumer prices increased by 4.9 percent year-on-year in March 2020 (as of March 20). At the same time, the central bank maintained its overnight credit and deposit rates at 5.75 percent and 2.75 percent, respectively. The bank on Monday (30th March) slashed the minimum threshold level for mandatory reserve requirements by 10 bps to 70 bps.
2020-03-31
Kyrgyzstan Hikes Key Rate for 1st Time Since 2015
The National Bank of Kyrgyz Republic raised its benchmark interest rate by 75 bps to 5 percent on 25th February 2020, the first hike since August 2015, to counter inflationary pressures as the economy strengthens. The bank seeks to maintain the inflation within the range 5-7 percent target in medium term. Consumer prices increased by 3.9 percent year-on-year in February 2020 (14th February). For 2020, the government expects average inflation at 4.6 percent. At the same time, the central bank maintained its overnight credit and deposit rates at 5.75 percent and 2 percent, respectively.
2020-02-25
Kyrgyzstan Holds Key Rate at 4.25%
The National Bank of Kyrgyz Republic left its benchmark interest rate steady at 4.25 percent on 28th January 2020. Also, the central bank maintained its overnight credit and deposit rates at 5.75 percent and 2 percent, respectively. Consumer prices increased by 2.8 percent year-on-year in January 2020 (17th January). For 2020, the government expects inflation within the range 2-7 percent target.
2020-01-28

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.