At its meeting on 19 December 2016, the Bank of Mongolia’s Board of Directors decided to decrease the policy rate by 1 percentage to 14 percent.
On 18 August 2016, the policy rate was increased by 4.5 percentage points to 15 percent due to the inflation rate being at low level, the exchange rate of togrog against US dollar has depreciated by 7.9 percent since the end of July. However, the togrog rate has fallen in the past four months.
At its meeting on 19 December 2016, the Bank of Mongolia’s Board of Directors decided to decrease the policy rate by 1 percentage to 14 percent.
On 18 August 2016, the policy rate was increased by 4.5 percentage points to 15 percent due to the inflation rate being at low level, the exchange rate of togrog against US dollar has depreciated by 7.9 percent since the end of July. However, the togrog rate has fallen in the past four months.