At the meeting on January 26, the National Bank of the Kyrgyz Republic decided to keep the discount rate at 11%. As of January 16, the annual inflation rate was 9.4%, indicating stability in this indicator.
“In the context of a high level of liquidity in the banking sector, the interbank interest rate BIR is around 5%,” the experts add.
EDB analysts believe that the regulator will maintain the discount rate at 11% until the end of 2026 in order to achieve the target inflation level of 5-7%.
Reference Information:
BIR is the official interbank benchmark interest rate in the Kyrgyz Republic, determined based on repo transactions between commercial banks for a term of 7 days in the national currency (som).
This rate serves as an important benchmark for financial market participants and reflects the real conditions of the short-term money market in the country.
