The National Bank raised the discount rate to 12%

Марина Онегина Economy
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- The National Bank of the Kyrgyz Republic has decided to raise the discount rate by 100 basis points, setting it at 12%. This announcement was made on February 24, 2026, at a press conference by the bank's deputy chairman Azat Kozubekov.

The new rate will take effect on February 24, 2026.

Previously, at a meeting held on January 27, 2026, the rate remained at 11%.

Kozubekov noted that the external economic situation remains complex and unstable. There is a slowdown in price growth for key commodities in global food markets; however, inflation in the countries that are Kyrgyzstan's main trading partners continues to remain high.

The National Bank emphasizes that the high share of imports in the consumer basket makes domestic prices vulnerable to changes in the external economic situation. The future of inflation will depend on the stability of global supply chains and trade flows, which are still subject to risks associated with geopolitical tensions and the fragmentation of the global economy.

In such conditions, the regulator considers it important to apply a balanced approach in monetary policy to maintain price stability in the country.
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