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flag Mongolia's inflation rate hit 9.1% in March, leading the central bank to raise interest rates to 12%.

flag Mongolia's inflation rate climbed to 9.1% in March, up 2.9 percentage points from last year, driven largely by rising energy costs. flag The central bank responded by raising interest rates to 12% to combat inflation, aiming for a 5% (+/- 2.0 percentage points) rate by 2027. flag Despite inflation pressures, Mongolia's economy is forecast to grow 6.6% in 2025, supported by mining, services, and infrastructure investments.

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