The National Bank raised the discount rate to 12%

Сергей Гармаш 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 was announced at a press conference on February 24, 2026, by the bank's deputy chairman, Azat Kozubekov. The new measure will take effect on the same day.

It is worth noting that at the previous meeting, held on January 27, 2026, the rate remained at 11%.

Kozubekov pointed out that the external economic situation remains complicated and unstable. There is a slowdown in price growth for key goods in global food markets; however, inflation in the countries with which Kyrgyzstan actively trades remains at a high level.

Representatives of the National Bank emphasized that the high share of imports in the consumer basket makes domestic prices sensitive to changes in the international economy. The dynamics of inflation in the future will depend on the stability of global supply chains and trade flows, which are at risk due to geopolitical tensions and the fragmentation of the global economy.

In this environment of uncertainty, the regulator considers it important to maintain a balanced approach in monetary policy to support price stability in the country.
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