The National Bank of the Kyrgyz Republic decided at its meeting on April 27, 2026, to keep the key rate at 12.00%, reports Todayinfo. The decision takes effect from April 28.
Current inflationary processes in Kyrgyzstan are influenced by both external and internal factors. Geopolitical tensions and global uncertainty have driven up prices on world food and raw material markets. Over the past two months, due to the escalation of the conflict in the Middle East, prices for grains, vegetable oils, and energy have risen.
Since the beginning of the year (as of April 17), inflation stood at 3.9%, with an annual rate of 11.3%. Food prices rose by 10.8%, non-food goods by 9.2%, tobacco and alcohol products by 8.9%, and services by 17.2%.
Domestic demand is supported by consumer activity. In January-March 2026, real GDP grew by 10.1%. The main contributors to economic growth are services, industry, and construction.
The National Bank continues to maintain tight monetary conditions to ensure price stability and bring inflation back to the target of 5-7% in the medium term. Relatively stable exchange rate dynamics keep inflation expectations moderate.
