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SECTION NEWS

National Bank promises no serious rise in prices 

27/12/16 08:08, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

Kyrgyzstan still has low inflationary environment and there won't be a serious increase in prices in the coming months, the Chairman of the National Bank of the Kyrgyz Republic Tolkunbek Abdygulov said today at a press conference.

He noted that there is a revival of economic activity in Kyrgyzstan. In January-November, real GDP grew by 3.2 percent. Growth excluding Kumtor enterprises in January-November amounted to 3.3 percent. The growth was registered in all major sectors of the economy.

"According to the forecasts of the National Bank, the inflation rate by the end of 2016 will be close to zero values. Based on current forecasts of the price dynamics, the board of the National Bank considers it expedient to reduce the size of the discount rate. National Bank of the Kyrgyz Republic in the near future intends to adhere to the approved monetary policy in the absence of external shocks," Tolkunbek Abdygulov said. 

The next meeting of the National Bank on the size of the discount rate will be held on February 27. 


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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


Weather forecast
05.02.2017
  night day
Bishkek
-24...-18 -10...-5
Talas
-17...-14 -13...-7
Jalal-Abad
-14...-10 -11...-5
Osh
-16...-9 -8...-4
Batken
-12...-8 -8...-3
Naryn
-27...-24 -19...-12
Cholpon-Ata
-27...-20 -14...-11


GLANCE
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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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