Key data points
Last release
—
Observation period
Sep 19, 2025
Next release
—
Forecast
—
Highest
15.00 % on Nov 30, 2016
Lowest
6.00 % on Feb 28, 2022
About Mongolia Interest Rate
In Mongolia, interest rates decisions are taken by the Bank of Mongolia (Mongolbank). The official interest rate is the Policy Rate.
Related indicators
Frequently Asked Questions
Mongolia Interest Rate is 12% at the moment.
Last month Mongolia Interest Rate was 12%, and the month before it reached 12%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.