Mongolia's central bank reduced its benchmark interest rate to 11% to stabilize inflation at 6%.
Mongolia's central bank cut its benchmark interest rate to 11%, aligning with the goal of stabilizing inflation at the target level and securing economic and financial stability in the medium-term. The decision follows a decrease in Mongolia's inflation rate, which eased to 6.4% in April, down from the same period in 2023. The country aims to stabilize inflation around the target rate of 6% in the medium term.
May 13, 2024
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