NBKR cuts rates as deflation bites
Broad-based drop in prices prompts 25bp rate cut
The National Bank of the Kyrgyz Republic cut its headline interest rate by 25 basis points today (February 26) in a bid to reverse the economy’s slide into deflation.
Inflation turned negative in February, hitting –0.7%, the central bank said in its policy statement. Price dynamics are subdued and the fall in prices was evident across “almost all groups” of goods and services, the NBKR added.
The central bank acknowledged that “in the absence of shocks” it will not exceed its inflation target
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ECB staff speak out against changes to internal survey
- Central bank of the year: Central Bank of Brazil
- French president calls for expanded ECB mandate