Kyrgyz National Bank Raises Key Rate to 12%

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA — The National Bank of the Kyrgyz Republic raised its policy rate by 100 basis points to 12% on Feb. 23. The decision took effect on Feb. 24. The bank cited an uneven external economic environment and elevated inflation in major trading partners, noting that domestic prices remain sensitive due to the country’s reliance… The post Kyrgyz National Bank Raises Key Rate to 12% appeared first on The Astana Times.