As part of its monetary policy, the National Bank of the Kyrgyz Republic maintains a tight monetary policy to control inflationary pressure. In February 2026, the regulator raised the key interest rate to 12%.
This increase in the key rate is expected to improve the saving behavior of citizens and make assets in the national currency more attractive. This, in turn, should help reduce pressure on the foreign exchange market and limit imported inflation, as indicated by the ministry.
The National Bank is also working to maintain relative stability of the som exchange rate, including through currency interventions. As of March 4, 2026, the exchange rate was 87.4 soms per dollar.
The implementation of these measures is intended to minimize the impact of external price shocks on domestic prices and support the stability of the country's food market.
