Mongolia Interest Rate

The benchmark interest rate in Mongolia was last recorded at 10.50 percent. Interest Rate in Mongolia is reported by the Mongolbank. Interest Rate in Mongolia averaged 11.59 Percent from 2007 until 2014, reaching an all time high of 14 Percent in April of 2008 and a record low of 6.40 Percent in July of 2007. In Mongolia, interest rates decisions are taken by the Bank of Mongolia (Mongolbank). The official interest rate is the Policy Rate. This page provides - Mongolia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
10.50 10.50 14.00 6.40 10.50 | 2014/06 2007 - 2014 Percent Monthly

TO

Mongolia Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Interest Rate 10.50 2014-03-31 10.50 14.00 6.40 10.50 2014-06-30 Percent [+]
[+]


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Mongolia Unemployment Rate at 7.60 Percent  
Unemployment Rate in Mongolia increased to 7.60 percent in the third quarter of 2013 from 7.30 percent in the second quarter of 2013. Unemployment Rate in Mongolia is reported by the National Statistical Office of Mongolia.
Mongolia Current Account to GDP at -27.89 Percent  
Mongolia recorded a Current Account deficit of 27.89 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Mongolia is reported by the Mongolbank.
Mongolia Balance of Trade at -21.13 USD Million  
Mongolia recorded a trade deficit of 21.13 USD Million in January of 2014. Balance of Trade in Mongolia is reported by the Mongolbank.
Mongolia Exports at 219.18 USD Million  
Exports in Mongolia decreased to 219.18 USD Million in January of 2014 from 405.60 USD Million in December of 2013. Exports in Mongolia is reported by the Mongolbank.
Mongolia Imports at 240.30 USD Million  
Imports in Mongolia decreased to 240.30 USD Million in January of 2014 from 438.80 USD Million in December of 2013. Imports in Mongolia is reported by the Mongolbank.
Mongolia GDP Annual Growth Rate at 11.70 Percent  
The Gross Domestic Product (GDP) in Mongolia expanded 11.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical Office of Mongolia.
Mongolia Current Account at -71.00 USD Million  
Mongolia recorded a Current Account deficit of 71 USD Million in January of 2014. Current Account in Mongolia is reported by the Mongolbank.
Mongolia Inflation Rate at 12.40 Percent  
The inflation rate in Mongolia was recorded at 12.40 percent in March of 2014. Inflation Rate in Mongolia is reported by the Mongolbank.
Mongolia Interest Rate at 10.50 Percent  
The benchmark interest rate in Mongolia was last recorded at 10.50 percent. Interest Rate in Mongolia is reported by the Mongolbank.
Mongolia Personal Income Tax Rate at 10.00 percent  
The Personal Income Tax Rate in Mongolia stands at 10 percent. Personal Income Tax Rate in Mongolia is reported by the General Department of National Taxation.
MORE RELATED NEWS

LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News