On April 27, 2026, the Board of the National Bank decided to keep the key interest rate unchanged at 12%, Deputy Chairman Azat Kozubekov announced.

According to him, considerable pressure on the economy of the Kyrgyz Republic, particularly on inflation, is being driven by external factors, The Caspian Post reports, citing Kabar.

“The global economy has undergone significant changes over the past two months. Amid the escalating situation in the Middle East, global food and raw material markets have been experiencing notable growth. Global energy prices remain a key source of pressure. Their fluctuations directly affect the cost of food production and transportation worldwide. At the same time, market participants are responding to risks of supply disruptions, logistical challenges, and heightened uncertainty. As a result, we are observing rising global prices for grains, vegetable oils, and certain food categories, which Kyrgyzstan largely imports,” he said.

Kozubekov also stressed that, given the Kyrgyz Republic’s open economic model, where the movement of goods is largely unrestricted, ongoing changes in the global economy and supply chains inevitably influence domestic price levels.