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The board of the central financial institution of Kyrgyzstan raised the coverage charge 150 foundation factors on February 28, to 10%.
In its official assertion, the Nationwide Financial institution of the Kyrgyz Republic cited “geopolitical dangers”, virtually definitely referring to the Russian invasion of Ukraine.
Nevertheless, excessive inflation has been a persistent function of the Kyrgyz financial system for a lot of the previous two years. The central financial institution has been steadily tightening financial coverage since February 2021.
The NBKR elevated its coverage charge 4
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