BISHKEK, Kyrgyzstan, April 29. The National Bank of the Kyrgyz Republic made a decision to keep the key interest rate at the level of 9.00 percent under the current monetary policy, Trend reports.
During the bank's board meeting on April 28, it was noted that Kyrgyzstan continues to experience high economic activity. The real GDP growth for the first three months of 2025 amounted to 13.1 percent compared to the same period last year. The main contributors to economic growth were the services sector, construction, and industry.
"The price dynamics in the Kyrgyz Republic remain within moderate limits. Consumer inflation as of April 2025 is 6.9 percent, which corresponds to the National Bank's target range of 5-7 percent," the official statement says.
Moreover, it was also emphasized that consumer prices have increased by 1.96 percent since the beginning of the year, with the growth rates of prices for non-food goods and services continuing to slow down.
However, the external economic situation continues to influence stability.
"Against the backdrop of increased geopolitical risks and the fragmentation of global trade, global financial markets remain volatile, creating high uncertainty for monetary regulators," stated the National Bank of Kyrgyzstan.
In conclusion, the Central Bank emphasized that in the event of risks to price stability in the future, it would be ready to reconsider monetary policy. This decision will take effect on April 29, 2025. The next meeting on this issue will be held on May 26, 2025.
