FX.co ★ Kyrgyz Central Bank Raises Key Rate to 10%

The National Bank of the Kyrgyz Republic has elevated its key interest rate by 75 basis points, bringing it to 10.00% as of the meeting on October 27, 2025, which signifies the highest level of borrowing cost since April 2024. This strategic move is intended to manage inflationary pressures and to uphold macroeconomic stability amidst prevailing global uncertainties. As of now, inflation rates have reached 6.2% year-to-date and 8.4% on an annual basis, spurred by increased energy prices, robust domestic demand, and escalating service costs. The economic landscape continues to demonstrate strength, with real GDP rising by 10% in the first nine months, propelled by growth in construction, higher incomes, remittances, and investment. The central bank observed that financial markets maintain stability, with current conditions striking a balance between savings and credit, although lingering external risks persist due to geopolitical tensions and fluctuating global prices. Policymakers emphasized their dedication to a well-balanced monetary approach, aimed at sustaining inflation within the target range of 5–7%. The ensuing policy meeting is scheduled for November 24, 2025.