Mongolia Interest Rate  2007-2016 | Data | Chart | Calendar | Forecast

The central bank of Mongolia cut its benchmark interest rate by 150 bps to 10.50 percent on May 5th, 2016. Policymakers said that inflation rate remained under the target level for the last consecutive 9 months and inflationary pressures are expected to be at a low level throughout this year. Also, favorable changes and positive developments in macroeconomic external balance have further expanded monetary policy room towards continued easing. Interest Rate in Mongolia averaged 11.73 percent from 2007 until 2016, reaching an all time high of 14 percent in April of 2008 and a record low of 6.40 percent in July of 2007. Interest Rate in Mongolia is reported by the Mongolbank.

Mongolia Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
10.50 10.50 14.00 6.40 2007 - 2016 percent Daily
In Mongolia, interest rates decisions are taken by the Bank of Mongolia (Mongolbank). The official interest rate is the Policy Rate. This page provides the latest reported value for - Mongolia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mongolia Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Mongolia Money Last Previous Highest Lowest Unit
Interest Rate 10.50 10.50 14.00 6.40 percent [+]
Banks Balance Sheet 22226691.90 22185774.20 22582376.80 3295107.90 MNT Million [+]
Deposit Interest Rate 13.00 12.31 400.00 10.47 percent [+]
Foreign Exchange Reserves 1265.30 1197.30 4125.80 326.00 USD Million [+]
Money Supply M1 1743063.20 1683512.10 2093197.70 262113.50 MNT Million [+]
Money Supply M2 10659546.20 10518669.00 10659546.20 1145392.30 MNT Million [+]
Interbank Rate 13.18 13.23 21.37 6.44 percent [+]
Central Bank Balance Sheet 4044517.50 4349653.90 8016387.30 193448.70 MNT Million [+]




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