Krygyzstani Central Bank Interest Rate Cut – Currency Thoughts

Krygyzstani Central Bank Interest Rate Cut

October 28, 2025

There’s been a 75-basis point increase in the National Bank of Kyrgyzstan’s policy interest rate to 10.0%. This move follows an initial 25-bp increase in July, and together these moves unwind one percentage point of the 500-basis point reduction implemented in three steps between November 2022 and May 2024. Consumer price inflation in the Kyrgyz Republic had receded from an early 2023 peak of 16.2% to 3.8% by August 2024 but then climbed anew back to a 23-month high of 9.5% this past August. Even at 8.4% last month, inflation remains above the central bank’s target of 5-7%, while the economy is continuing to expand very robustly.

Copyright 2025, Larry Greenberg. All rights reserved.

Tags: National Bank of Kyrgyzstan

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