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SECTION NEWS

National Bank leaves discount rate unchanged – 6 percent

28/09/16 06:15, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

National Bank has left the discount rate unchanged - 6 percent, its site reported.

As of today, deflation processes are observed in Kyrgyzstan. As of September 16, the general price level fell by 0.4 percent. There is a revival in the country's economy.

According to the forecast of the National Bank, a low inflation environment will preserve in Kyrgyzstan in the coming months. Amid low inflationary risks and to strengthen the trend of economic recovery, the maintenance of the level of rates will allow neutralizing the deflationary environment. As a result, annual inflation will return back to the target.

From the beginning of the year, the strengthening of the som comprised 9.4 percent. Situation in the domestic foreign exchange market  is stable.

The discount rate - the interest rate, at which the National Bank provides loans to commercial banks. It affects the interest on loans to commercial banks and stabilizes inflation.

National Bank will continue to evaluate internal and external factors' impact on inflation and implement appropriate monetary policy to keep inflation within a quantitative benchmark of 5-7 percent in the medium term, as the Guidelines for monetary policy defined.

The next meeting of the Board of the National Bank on discount rate is scheduled for November 28, 2016.


URL: http://eng.24.kg/finansy/182137-news24.html
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RELATED MATERIALS

Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


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05.02.2017
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Talas
-17...-14 -13...-7
Jalal-Abad
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Osh
-16...-9 -8...-4
Batken
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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