Mongolia has lowered its interest rates by 1 percentage points, from 13% to an annual rate of 12%.
The key rates a tool used by Central Banks to implement monetary policy.
A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.
This change is the first to have taken place since on December16th 2022, when the Central Bank increased interest rates by 1 percentage points to 13%.
Here we show you the progression of interest rates in Mongolia. You can see interest rates in other countries in interest rates and see all the economic information about Mongolia in Mongolia economy.