The National Bank of the Kyrgyz Republic decided to keep the policy rate at 10%

10percentOn December 28, 2015, the Board of the National Bank of the Kyrgyz Republic decided to keep the monetary policy rate at 10.00 percent. 

Despite the ongoing recession and the slowdown in economic activity in the countries — main trading partners, the Kyrgyz Republic still has positive growth, in spite of slight slowdown, due to the decrease of production at the «Kumtor» gold-mining company. Economic growth in January-November of 2015 was 3.6 percent, without «Kumtor» the real GDP growth was 3.8 percent (in January-November 2014 the real growth was 4.0 percent, without «Kumtor» 4.8 percent). 

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