Kyrgyzstan

Kyrgyzstan’s central bank maintained its rate at 13%, with annual inflation falling to 7.3% at the end of last year and GDP growth at 6.2%. The current rate is deemed appropriate to achieve the 5-7% inflation target in the medium term. Robust domestic demand, driven by rising consumer lending rates, increasing wages, and higher remittance inflows, supports the bank’s ongoing monetary policy, encouraging savings behavior among the population.