Interest Rate in Mongolia

Mongolia Interest Rate | Economic News & Forecasts

Mongolia - Interest Rate

The economy slowed markedly in the third quarter, as a weakening external sector took its toll on economic activity. Export growth slowed from the high levels seen in H1, while, contrastingly, import growth accelerated to a two-year high. More positively, buoyant fixed investment and private consumption levels highlighted a healthy domestic economy. Looking to Q4, the picture appears to be one of moderation. In the first two months of the quarter, industrial production ebbed slightly and merchandise exports declined. Moreover, domestic credit contracted in October, which could potentially have knock-on effects for private consumption. In other news, Parliament recently approved the 2020 budget, which features a significant hike in spending and various policies and projects aimed at promoting economic growth.

Mongolia - Interest Rate Data

2013   2014   2015   2016   2017  
Policy Interest Rate (%)10.50  12.00  13.00  14.00  11.00  

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Mongolia Interest Rate Chart

Mongolia Interest Rate
Note: Policy Rate in % (eop).
Source: Bank of Mongolia.

Mongolia Facts

Value Change Date
Exchange Rate2,735-0.04 %Jan 01

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