BAKU, Azerbaijan, January 31. The Board of the National Bank of Kyrgyzstan has decided to keep the base rate unchanged, Trend reports with reference to the press service of the National Bank of Kyrgyzstan.
Taking into account the development conditions of the external and internal economic environment, the National Bank of Kyrgyzstan retained the base rate at 13 percent on January 30, 2023. The decision comes into force on January 31, 2023.
"Prospects for the economic development of Kyrgyzstan are still largely dependent on external economic factors, the dynamics of which are dominated by high uncertainty. Under these conditions, pro-inflationary risks remain. The cumulative effect of earlier monetary policy measures will help mitigate potential inflation risks," the bank said.
The National Bank of Kyrgyzstan noted that the further direction of monetary policy will be formed taking into account the impact of the above factors and risks on economic processes in the country.
Meanwhile, the next meeting of the Board of the National Bank of Kyrgyzstan regarding the base rate will be held on February 27, 2023.