FX.co ★ Kyrgyzstan Keeps Interest Rate Unchanged at 9%

The National Bank of the Kyrgyz Republic decided to maintain its benchmark interest rate at 9.00% during its May 2025 meeting. This decision was based on stable inflation rates and strong economic performance. Current inflation stays within the Bank's medium-term target of 5-7%, with annual consumer prices increasing by 7.7% and year-to-date inflation at 2.9%. These figures were influenced by seasonal rises in food prices and adjustments in administrative tariffs. Despite global uncertainties, the Kyrgyz economy exhibited significant growth, with real GDP rising by 11.7% from January to April 2025. This growth was driven by expansions in services, construction, and industry, as well as robust consumer and investment demand. The central bank observed stable interbank and foreign exchange markets, alongside resilient credit growth and a 16.1% increase in deposits. Policymakers reaffirmed their commitment to maintaining a balanced monetary policy and expressed their readiness to respond if inflationary risks emerge. The next policy meeting is scheduled for July 28, 2025.