Bishkek, Sept. 18, 2025 /Kabar/. The National Bank has created another important and essential element for the stable development of our financial system: the yield curve, Deputy Chairman Azat Kozubekov said at a press conference at the Kabar news agency.
He noted that the goal of developing the yield curve model is to increase the transparency and accessibility of information on the interest rate structure of money market instruments.
The yield curve is an important indicator that allows financial and money market participants to formulate expectations regarding future economic conditions and inflation. The primary users of indicators such as the benchmark money market rate and the yield curve in the Kyrgyz Republic's financial market will be professional financial market participants. These include treasurers and commercial banks, investors, representatives of international financial organizations, and representatives of foreign investors, he said.
Kozubekov added that the yield curve can be interpreted as the cost of money at a given point in time for different maturities, specifically in Kyrgyz som.
This year, we conducted a comprehensive assessment of the interbank money market in collaboration with international organizations and experts. In the near future, we plan to continue and intensify our efforts to improve the infrastructure of interbank transactions and thereby achieve a more effective impact of our monetary policy on the real market, the deputy head said.