Kyrgyz Republic hikes rates for first time since 2015

Bishkek
Almutamid/Wikimedia

The National Bank of the Kyrgyz Republic has made its first rate hike in nearly five years, as the economy strengthens and inflation rises.

The NBKR board chose to increase the policy rate 75 basis points to 5%, the central bank said in a statement today (February 25).

The previous hike was a two-percentage point increase to the policy rate in September 2015. In early 2016, the central bank began a long easing cycle, reaching a low of 4.25% in May 2019.

Price dynamics are now showing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: