The National Bank of Kyrgyz Republic held its benchmark interest rate steady at 4.25 percent on 25th June 2019 after slashing it by 25 basis points in the previous meeting. Also, the central bank maintained its overnight credit at 5.75 percent and deposit rates at 1.75 percent. Consumer prices rose by 0.1 percent year-on-year in May 2019, the first yearly increase in four months. For 2019, the government expects inflation to average around 4 percent. Interest Rate in Kyrgyzstan averaged 6.31 percent from 2011 until 2019, 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.
Interest Rate in Kyrgyzstan is expected to be 4.25 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 4.50 in 12 months time. In the long-term, the Kyrgyzstan Interest Rate is projected to trend around 4.25 percent in 2020, according to our econometric models.