Kyrgyz central bank hikes policy rate by 100 basis points

Bishkek
Almutamid/Wikimedia

The board of the central bank of Kyrgyzstan raised its policy rate by 100 basis points, to 6.5%, at its April 26 meeting.

The central bank said that despite moderating inflation and falling wages, rising commodity prices compelled the second increase in as many months.

The National Bank of the Kyrgyz Republic (NBKR) kept the policy rate at 4.25% between September 2015 and February 2020, before increasing it to 5% in February 2020. It then held the rate at 5% for a full year, before raising it

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