Kyrgyz Republic hikes rates for first time since 2015

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

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

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!