Inflation ticked up to 15.3% in January and moved further away from the Central Bank’s 5.0–7.0% target range (December: 14.7%). This prompted the Central Bank to keep its policy rate at 13.00% on 27 February. Our panel sees inflation slowing in 2023 on lower global price pressures. Higher domestic tariffs and elevated oil prices pose upside risks.
Kyrgyzstan Policy Rate (%, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Policy Rate (%, eop) | 5.00 | 4.75 | 4.25 | 5.00 | 8.00 |