On Friday, the Bank of Mongolia announced its decision to maintain its key interest rate at 12 percent.
According to the central bank's press release, inflation in the country reached 6.5 percent by the end of February, approaching the lower boundary of the target range. This was made possible by the monetary policy measures introduced last year.
The statement notes: "Although we are observing positive changes in the current and future economic conditions within the country, the decision to maintain the key rate at 12 percent is due to the growing geopolitical tension and uncertainty outside the country."
The key rate was increased by 2 percentage points to 12 percent in March 2025 and has remained unchanged since then.
