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. Interest Rate in Kyrgyzstan averaged 6.32 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.