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Mongolia Interest Rate

Mongolia's interest rate held steady at 12% in September 2025, matching the July 2025 rate. The Bank of Mongolia aims for inflation stability and macroeconomic resilience. August 2025 inflation was 8.8% with rising food prices. Inflation is expected to fall within the target range in 2026, following policy tightening. Economic growth reached 5.6% in the first half of 2025, boosted by agriculture. Growth is projected to continue in the second half, supported by copper production and construction. Mongolia's record low interest rate was 6% in November 2020 and record high was 15% in August 2016.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Sep 19, 2025 12%
Jul 31, 2025 12%
Jun 27, 2025 12%
Apr 30, 2025 12%
Mar 07, 2025 12%
Jan 14, 2025 10%
Oct 31, 2024 10%
Sep 13, 2024 10%
Jul 02, 2024 11%
May 14, 2024 11%
Mar 15, 2024 12%
Jan 31, 2024 13%
Dec 22, 2023 13%
Oct 31, 2023 13%
Sep 15, 2023 13%
Jul 31, 2023 13%
Jun 23, 2023 13%
Apr 30, 2023 13%
Mar 24, 2023 13%
Jan 31, 2023 13%
Dec 23, 2022 13%
Oct 31, 2022 12%
Sep 23, 2022 12%
Jul 31, 2022 10%
Jun 22, 2022 10%
Apr 30, 2022 9%
Mar 24, 2022 9%
Jan 31, 2022 6%
Dec 17, 2021 6%
Jul 31, 2021 6%
Jun 23, 2021 6%
Dec 31, 2020 6%
Nov 23, 2020 6%
Sep 15, 2020 8%
May 31, 2020 9%
Apr 13, 2020 9%
Mar 12, 2020 10%
Oct 31, 2019 11%
Sep 17, 2019 11%
Apr 30, 2019 11%
Mar 22, 2019 11%
Dec 31, 2018 11%
Nov 27, 2018 11%
Jul 31, 2018 10%
Jun 18, 2018 10%
Apr 30, 2018 10%
Mar 23, 2018 10%
Jan 31, 2018 11%
Dec 25, 2017 11%
Jul 31, 2017 12%
Jun 15, 2017 12%
Apr 30, 2017 14%
Mar 17, 2017 14%
Jan 31, 2017 14%
Dec 19, 2016 14%
Sep 30, 2016 15%
Aug 18, 2016 15%
Jun 30, 2016 10.5%
May 05, 2016 10.5%
Feb 29, 2016 12%
Jan 14, 2016 12%
Aug 31, 2015 13%

Recent Events

datetime event actual previous consensus
2025-09-19 05:30 AM Interest Rate Decision 12% 12% -

Next Release Date :

Mongolia Interest Rate : Definition
The Interest Rate set by the Bank of Mongolia is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Private Credit (% GDP) 38.61% 40.98% 2023