Kyrgyzstan raises rate 5th time to curb inflation
The National Bank of the Kyrgyz Republic raised its discount rate by a further 50 basis points to 8.50 percent and has now raised it 3.50 percentage points since it began the monetary tightening cycle in February 2021.
”This decision was made in order to minimize the negative effect of external shocks on the current dynamics of inflation and inflation expectations in the Kyrgyz Republic,” the central bank said.
Source: http://www.centralbanknews.info/2022/02/kyrgyzstan-raises-rate-5th-time-to-curb.html
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