Bishkek, April 28, 2026. /Kabar/. On April 27, 2026, the Board of the National Bank decided to keep the key rate at 12%, Azat Kozubekov, Deputy Chairman of the National Bank informs.
According to him, significant pressure on the economy of the Kyrgyz Republic, particularly on inflation, is coming from outside.
"The global economy has seen significant changes over the past two months. Against the backdrop of the escalating situation in the Middle East, global food and raw materials markets are showing significant growth. Global energy prices remain a key pressure factor. Their fluctuations directly impact the cost of food production and transportation globally. At the same time, global market participants are reacting to the risks of supply disruptions, logistical constraints, and increased uncertainty. As a result, we are seeing rising global prices for grains, vegetable oils, and certain food categories, which the Kyrgyzstan largely imports," he emphasized.
Kozubekov noted that, given that the Kyrgyz Republic has an open economic model where the flow of goods is unrestricted, ongoing changes in the global economy and global supply chains inevitably impact price levels in the country.