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National Bank to maintain price stability in Kyrgyzstan

In 2019, the National Bank of Kyrgyzstan will continue its policy aimed at maintaining price stability. The statement of the National Bank of the Kyrgyz Republic on monetary policy says.

It was noted that price stability created important conditions for the development of the economy and was a key element of the country’s macroeconomic stability. This contributes to the creation of a favorable business environment in the country, maintaining the investment climate, raising the standard of living of the population, reducing the uncertainty of economic actors when making decisions.

The monetary policy of the National Bank in 2019 aims to curb inflation in the range of 5-7 percent. Discount rate will be the basic instrument of the monetary policy.

«The priority direction of the National Bank for 2019 is an increase in the share of non-cash payments and settlements. In this direction, work on the study and development of new payment and financial technologies in the market will be continued. An increase in the share of non-cash payments will have a positive impact on the transmission mechanism of the monetary policy,» the statement said.

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