CentralBankNews: Bank of Mongolia Hikes Interest Rate 50bps to 12.25%

The Bank of Mongolia increased its policy rate by 50 basis points to 12.25% from 11.75% previously.  The Bank said: “The rapid expansion of budget expense, cash hand-out from the Human Development Fund and the high increase in loans are contributing to higher demand.” To read the full article, click here: Bank of Mongolia Hikes Interest Rate 50bps to 12.25%

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