The National Bank of Kyrgyz Republic kept its benchmark interest at 14 percent during its July meeting, amid favorable domestic conditions and efforts to minimize possible risks from external situations. The country's GDP expanded 6.3% yoy in H1 of the year, as all sectors rose, namely, industry, services, and construction. Meantime, credit growth was robust, with the volume of newly issued loans jumping 16.2% during February to May. Policymakers vowed to continue monitoring the current economic development, adding they will take appropriate measures to achieve price stability in the medium term. The central bank also kept its overnight credit and deposit rates at 16 percent and 12 percent, respectively. source: National Bank of the Kyrgyz Republic
Interest Rate in Kyrgyzstan averaged 6.38 percent from 2011 until 2022, reaching an all time high of 14 percent in March of 2022 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 August of 2022.
Interest Rate in Kyrgyzstan is expected to be 18.00 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 12.00 percent in 2023 and 8.00 percent in 2024, according to our econometric models.