The National Bank of Kyrgyz Republic held its benchmark interest rate steady at 4.25 percent on December 24th 2019.

Interest Rate in Kyrgyzstan averaged 6.25 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. This page provides - Kyrgyzstan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 4.75 percent in 2020, according to our econometric models.


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Kyrgyzstan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.25 4.25 13.73 2.64 2011 - 2019 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2019-06-25 04:00 AM 4.25% 4.25% 4.25%
2019-08-27 04:00 AM 4.25% 4.25% 4.25%
2019-10-01 05:15 AM 4.25% 4.25% 4.25%
2019-11-26 04:00 AM 4.25% 4.25% 4.25%
2020-01-27 04:00 AM 4.25% 4.25%


News Stream
2019-10-01
Kyrgyzstan Keeps Interest Rate at 4.25%
The National Bank of Kyrgyz Republic held its benchmark interest rate steady at 4.25 percent on 1st October 2019. Also, the central bank maintained its overnight credit and deposit rates at 5.75 percent and 2 percent, respectively. Consumer prices increased by 2.2 percent year-on-year in September 2019 (20th September). For 2019, the government expects inflation to average around 2.0 percent.

2019-08-27
Kyrgyzstan Leaves Monetary Policy Unchanged
The National Bank of Kyrgyz Republic held its benchmark interest rate steady at 4.25 percent on 27th August 2019. Also, the central bank maintained its overnight credit at 5.75 percent but raised its deposit rates by 25 bps to 2 percent. Consumer prices increased by 1.9 percent year-on-year in August 2019 (16th August). For 2019, the government expects inflation to average around 1.5 percent.

2019-06-25
Kyrgyzstan Keeps Key Rate Unchanged at 4.25%
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.

2019-05-28
Kyrgyzstan Cuts Key Rate for 1st Time in 4 Months
The National Bank of Kyrgyz Republic cut its benchmark interest rate by 25 basis points to 4.25 percent on 28th May 2019. This was the first rate cut since February. Policymakers expect a low inflationary trend during 2019, with inflation being projected to average around 4 percent by the end of the year. Also, the central bank cut its overnight credit by 25 bps to 5.75 percent, but the bank raised its deposit rates by 25 bps to 1.75 percent.

2019-03-26
Kyrgyzstan Leaves Monetary Policy Unchanged
The National Bank of Kyrgyz Republic left its benchmark interest rate on hold at 4.50 percent on 26th March 2019, after cutting rates in the previous month. Policymakers expects Kyrgyzstan inflation at 5 percent by the end of the year and inflation is projected to average around 3 percent in 2019. Also, the central bank kept its overnight credit and deposit rates at 6 percent and 1.50 percent, respectively.

2019-02-26
Kyrgyzstan Cuts Interest Rate for 1st Time in 9 Months
The National Bank of Kyrgyz Republic cut its benchmark interest rate by 25 basis point to 4.50 percent on February 26th. It was the first cut interest rate since May 2018. Policymakers expect a low inflationary trend during the first half of 2019 with some acceleration by the end of the year; inflation is projected to average around 3 percent in 2019. At the same time, the central bank kept its overnight credit and deposit rates at 6 percent and 1.50 percent, respectively.


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.

Kyrgyzstan Money Last Previous Highest Lowest Unit
Interest Rate 4.25 4.25 13.73 2.64 percent [+]
Money Supply M0 91864.10 94291.50 95223.40 19409.96 KGS Million [+]
Foreign Exchange Reserves 2424.11 2368.57 2424.11 1033.15 USD Million [+]
Deposit Interest Rate 2.42 2.75 39.59 2.33 percent [+]
Money Supply M1 132194.40 135076.30 135591.30 10515.74 KGS Million [+]
Money Supply M2 173246.30 175630.30 175630.30 31518.18 KGS Million [+]