Mongolia keeps key interest rate unchanged

  • Money Digest

Dec 16, 2018-

The monetary policy council of Mongolia’s central bank on Friday decided to maintain the benchmark interest rate unchanged at 11 percent. “The decision aims to stabilise inflation around the target rate of 8 percent and maintain macroeconomic stability in the medium term,” Ochirkhuu Erdembileg, first deputy president of the Bank of Mongolia, said at a press conference after a council meeting. Annual inflation was at 8.1 percent in November, Erdembileg said. (XINHUA)

Published: 16-12-2018 08:49

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