Policy Interest Rate in Mongolia
The policy rate ended 2022 at 13%, an increase from the 6% value at end-2021 and above the 10.50% reading a decade earlier. For reference, the average policy rate in the Asia-Pacific region was 3.7% at the end of 2022. For more interest rate information, visit our dedicated page.
Mongolia Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Mongolia from 2014 to 2023.
Source: Macrobond.
Mongolia Interest Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Policy Rate (%, eop) | 11.00 | 6.00 | 6.00 | 13.00 | 13.00 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mongol interest rate projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Mongol interest rate.
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