According to the Bank of Mongolia, the Monetary Policy Council will announce its monetary policy for 2018 on March 23.
As forecasted by Bloomberg analysts, the council will sustain its current monetary policy interest rate, as it is inappropriate to increase the rate when inflation is rising. In December 2017, the Bank of Mongolia lowered its interest rate to 11 percent.
According to the Bank of Mongolia, the Monetary Policy Council will announce its monetary policy for 2018 on March 23.
As forecasted by Bloomberg analysts, the council will sustain its current monetary policy interest rate, as it is inappropriate to increase the rate when inflation is rising. In December 2017, the Bank of Mongolia lowered its interest rate to 11 percent.