Mongolia has increased its interest rates by 1 percentage points, from 10% to an annual rate of 11%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency.
This change is the first to have taken place since on March23th 2018, when the Central Bank lowered interest rates by 1 percentage points to 10%.
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.