Mongolia Policy Rate

2007 - 2024 | Monthly | % pa | Bank of Mongolia

Key information about Mongolia Policy Rate

  • Mongolia cash rate (Policy Rate: Month End) was set at 12.00 % pa in Mar 2024, compared with 13.00 % pa in the previous Feb 2024.
  • Mongolia Policy Rate averaged 11.00 % pa and is updated monthly, available from Jul 2007 to Mar 2024.
  • The data reached an all-time high of 15.00 % pa in Nov 2016 and a record low of 6.00 % pa in Dec 2021.
  • Mongolia Exchange Rate against USD averaged 3,438.26 (USD/MNT) in Jun 2023.
  • Its Real Effective Exchange Rate was 119.40 in Dec 2023.

View Mongolia's Policy Rate from Jul 2007 to Mar 2024 in the chart:

Mongolia Policy Rate

What was Mongolia's Policy Rate in Mar 2024?

Mongolia cash rate (Policy Rate: Month End) was set at 12.00 % pa in Mar 2024, compared with 13.00 % pa in the previous Feb 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
12.00 Mar 2024 13.00 Feb 2024 6.00 Dec 2021 15.00 Nov 2016 % pa monthly Jul 2007 - Mar 2024

Policy Rate by Country Comparison

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Includes Policy Rate on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% pa) 3.25 Mar 2024 monthly Jan 2000 - Mar 2024
Algeria (% pa) 3.00 Sep 2023 monthly Jan 1963 - Sep 2023
Argentina (%) 70.20 Mar 2024 monthly Aug 1985 - Mar 2024
Armenia (% pa) 8.50 Mar 2024 monthly May 2001 - Mar 2024
Australia (% pa) 4.35 Mar 2024 monthly Aug 1990 - Mar 2024
Austria (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Azerbaijan (% pa) 7.50 Apr 2024 monthly Jan 2005 - Apr 2024
Bahrain (% pa) 6.25 Mar 2024 monthly Jan 2007 - Mar 2024
Bangladesh (% pa) 8.00 Feb 2024 monthly Sep 2009 - Feb 2024
Belarus (% pa) 9.50 Mar 2024 monthly Jul 1991 - Mar 2024
Belgium (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Bolivia (% pa) 3.01 Mar 2024 monthly Jan 2013 - Mar 2024
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 10.75 Mar 2024 monthly Mar 1999 - Mar 2024
Bulgaria (% pa) 3.79 Apr 2024 monthly Feb 1991 - Apr 2024
Canada (% pa) 5.00 Mar 2024 monthly Dec 1992 - Mar 2024
Chile (% pa) 7.25 Mar 2024 monthly May 1995 - Mar 2024
China (% pa) 2.65 Jun 2023 monthly Jan 2016 - Jun 2023
Colombia (% pa) 12.25 Mar 2024 monthly Apr 1995 - Mar 2024
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Czech Republic (% pa) 4.75 Mar 2024 monthly Jan 1993 - Mar 2024
Denmark (% pa) 3.60 Mar 2024 monthly Aug 1914 - Mar 2024
Ecuador (% pa) 10.53 Mar 2024 monthly Jul 1995 - Mar 2024
Egypt (% pa) 27.75 Mar 2024 monthly Jan 1991 - Mar 2024
Estonia (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
European Union (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Finland (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
France (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Georgia (% pa) 8.25 Mar 2024 monthly Jan 2008 - Mar 2024
Germany (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Ghana (% pa) 29.50 May 2023 monthly Nov 2002 - May 2023
Greece (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Hong Kong SAR, China (% pa) 5.75 Mar 2024 monthly Jun 1992 - Mar 2024
Hungary (% pa) 8.25 Mar 2024 monthly Oct 1990 - Mar 2024
Iceland (% pa) 10.00 Mar 2024 monthly Jan 1994 - Mar 2024
India (% pa) 6.50 Mar 2024 monthly Apr 2001 - Mar 2024
Indonesia (% pa) 6.00 Mar 2024 monthly Jun 2015 - Mar 2024
Ireland (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Israel (% pa) 4.50 Mar 2024 monthly Dec 1998 - Mar 2024
Italy (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) -0.10 Jun 2023 monthly Nov 2008 - Jun 2023
Jordan (% pa) 8.50 Mar 2024 monthly Dec 1965 - Mar 2024
Kazakhstan (% pa) 14.75 Mar 2024 monthly Feb 1992 - Mar 2024
Kenya (% pa) 13.00 Mar 2024 monthly Jul 2003 - Mar 2024
South Korea (% pa) 3.50 Mar 2024 monthly May 1999 - Mar 2024
Kosovo (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Kuwait (% pa) 4.25 Mar 2024 monthly Jul 1999 - Mar 2024
Kyrgyzstan (% pa) 13.00 Mar 2024 monthly Jan 1999 - Mar 2024
Laos (% pa) 7.50 May 2023 monthly Dec 1992 - May 2023
Latvia (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Lebanon (% pa) 10.00 Jan 2023 monthly Apr 1964 - Jan 2023
Lithuania (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Luxembourg (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Macau SAR, China (% pa) 5.75 Mar 2024 monthly Dec 1999 - Mar 2024
North Macedonia (% pa) 6.30 Mar 2024 monthly Jan 2002 - Mar 2024
Malawi (% pa) 26.00 Mar 2024 monthly Jan 1980 - Mar 2024
Malaysia (% pa) 3.00 Mar 2024 monthly Apr 2004 - Mar 2024
Malta (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Mauritius (% pa) 4.50 Mar 2024 monthly Dec 1999 - Mar 2024
Mexico (% pa) 11.25 Feb 2024 monthly Jan 2008 - Feb 2024
Moldova (% pa) 3.75 Mar 2024 monthly Feb 2001 - Mar 2024
Mongolia (% pa) 12.00 Mar 2024 monthly Jul 2007 - Mar 2024
Montenegro (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Morocco (% pa) 3.00 Mar 2024 monthly Jun 1995 - Mar 2024
Myanmar (% pa) 7.00 2024 yearly 1986 - 2024
Nepal (% pa) 7.00 Mar 2024 monthly Jul 2003 - Mar 2024
Netherlands (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
New Zealand (% pa) 5.50 May 2023 monthly Mar 1999 - May 2023
Nigeria (% pa) 24.75 Mar 2024 monthly Dec 2006 - Mar 2024
Norway (% pa) 4.50 Mar 2024 monthly Jan 1991 - Mar 2024
Oman (% pa) 6.00 Apr 2024 monthly May 2007 - Apr 2024
Pakistan (% pa) 23.00 Mar 2024 monthly Feb 1992 - Mar 2024
Paraguay (% pa) 6.00 Mar 2024 monthly Jul 2010 - Mar 2024
Peru (% pa) 6.25 Mar 2024 monthly Sep 2003 - Mar 2024
Philippines (% pa) 7.00 Mar 2024 monthly Jun 2016 - Mar 2024
Poland (% pa) 5.75 Apr 2024 monthly Jan 2005 - Apr 2024
Portugal (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Qatar (% pa) 6.25 Feb 2024 monthly Mar 2003 - Feb 2024
Romania (% pa) 7.00 Mar 2024 monthly Jan 2003 - Mar 2024
Russia (% pa) 16.00 Mar 2024 monthly Sep 2013 - Mar 2024
Saudi Arabia (% pa) 6.00 Mar 2024 monthly Jan 2000 - Mar 2024
Serbia (% pa) 6.50 Mar 2024 monthly Jan 2001 - Mar 2024
Singapore (% pa) 4.00 Jun 2023 monthly Jul 2005 - Jun 2023
Slovakia (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Slovenia (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
South Africa (% pa) 8.25 Mar 2024 monthly Nov 1999 - Mar 2024
Spain (% pa) 4.50 Mar 2024 monthly Jan 1999 - Mar 2024
Sri Lanka (% pa) 8.50 Mar 2024 monthly Jan 1997 - Mar 2024
Sweden (% pa) 4.00 Feb 2024 monthly Jan 1987 - Feb 2024
Switzerland (% pa) 1.45 Apr 2024 monthly Jun 1999 - Apr 2024
Syria (% pa) 5.00 Feb 2024 monthly Jan 1962 - Feb 2024
Taiwan (% pa) 2.00 Mar 2024 monthly Jul 1961 - Mar 2024
Tajikistan (% pa) 9.50 Mar 2024 monthly Jun 1995 - Mar 2024
Thailand (% pa) 2.50 Mar 2024 monthly May 2000 - Mar 2024
Tunisia (% pa) 8.00 Mar 2024 monthly Jan 2000 - Mar 2024
Turkey (% pa) 50.00 Mar 2024 monthly Jun 1996 - Mar 2024
Ukraine (% pa) 14.50 Mar 2024 monthly Dec 1992 - Mar 2024
United Arab Emirates (% pa) 5.40 Mar 2024 monthly Nov 2007 - Mar 2024

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Mongolia Key Series

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Includes 212 key indicators for Mongolia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.1 Dec 2023 quarterly Dec 2000 - Dec 2023
Consolidated Fiscal Balance (USD mn) 196.620 Feb 2024 monthly Jan 2000 - Feb 2024
Tax Revenue (USD mn) 582.910 Feb 2024 monthly Jan 2000 - Feb 2024
Tax Revenue: % of GDP (%) 19.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Government Debt: % of GDP (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Forecast: Government Expenditure (MNT bn) 42,528.460 2028 yearly 1981 - 2028
Forecast: Government Net Debt (MNT bn) 90,114.430 2028 yearly 2006 - 2028
Forecast: Government Revenue (MNT bn) 39,675.330 2028 yearly 1981 - 2028
General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 646,268.369 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Expenditure & NL: ytd: Net Lending (MNT mn) 34,495.933 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 859,511.784 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Balance: ytd (MNT mn) 1,342,943.738 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 3,078,412.654 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 200,874.250 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Expenditure & NL: ytd: Expenditure (MNT mn) 3,724,681.023 Feb 2024 monthly Dec 1999 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
Trade Balance (USD mn) 252.4 Feb 2024 monthly Jan 1997 - Feb 2024
Total Exports (USD mn) 913.0 Feb 2024 monthly Jan 1997 - Feb 2024
Total Exports Growth (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
Aluminum: Exports (USD th) 7,160.872 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 100.343 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 83.518 2022 yearly 1995 - 2022
Total Imports (USD mn) 660.6 Feb 2024 monthly Jan 1997 - Feb 2024
Total Imports Growth (%) 29.6 Feb 2024 monthly Jan 1998 - Feb 2024
Imports: Medicament (USD th) 140,968.073 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 71,770.506 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 0.307 Feb 2024 monthly Dec 1999 - Feb 2024
Total Imports from USA (USD mn) 22.150 Feb 2024 monthly Dec 1999 - Feb 2024
Total Exports to China (USD mn) 1,198.029 Jan 2024 monthly Dec 1999 - Jan 2024
Total Imports from China (USD mn) 184.224 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Live Animals and Products of Animal Origin (USD th) 7,508.623 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Textiles and Textile Articles (USD th) 7,249.815 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Mineral Products (USD th) 875,134.166 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
Exports: Europe: European Union: ow United Kingdom (USD th) 140.450 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Asia: North Eastern: ow China (USD th) 887,716.060 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 122,056.008 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Mineral Products (USD th) 192,085.521 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 132,229.588 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Base Metals and Articles Thereof (USD th) 35,790.276 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Food Products (USD th) 49,016.319 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: America: ow USA (USD th) 22,149.732 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Asia: North Eastern: ow Japan (USD th) 73,506.240 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Asia: North Eastern: ow China (USD th) 184,794.549 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Europe: Others: ow Russian Federation (USD th) 210,974.018 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Asia: North Eastern: ow Republic of Korea (USD th) 29,531.059 Feb 2024 monthly Dec 1999 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3.3 Feb 2024 monthly Jan 2009 - Feb 2024
Current Account Balance (USD mn) -144.7 Feb 2024 monthly Jan 2009 - Feb 2024
Current Account Balance: % of GDP (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Direct Investment (USD mn) 267.1 Feb 2024 monthly Jan 2009 - Feb 2024
Foreign Direct Investment: % of GDP (%) 11.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment (USD mn) -509.520 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -7.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -0.1 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -509.375 Dec 2023 quarterly Mar 1998 - Dec 2023
External Debt (USD mn) 34,569.8 Dec 2023 quarterly Mar 2000 - Dec 2023
External Debt: % of GDP (%) 174.0 2023 yearly 1992 - 2023
External Debt: Short Term (USD mn) 2,388.2 Dec 2023 quarterly Mar 2000 - Dec 2023
External Debt: Short Term: % of GDP (%) 11.7 2023 yearly 1992 - 2023
Forecast: Current Account Balance (USD bn) -1.770 2028 yearly 1991 - 2028
Net International Investment Position (USD mn) -41,852.420 Jun 2023 quarterly Dec 2010 - Jun 2023
Balance of Payments (BoP): Current Account (CA) (USD mn) -144.653 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: CA: Goods & Services: Goods (USD mn) 142.799 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: CA: Goods & Services: Services (USD mn) -270.867 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: CA: Primary Income (USD mn) -148.900 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: CA: Secondary Income (USD mn) 132.315 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: Capital Account (USD mn) 10.392 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: Financial Account (FA) (USD mn) -310.619 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Direct Investment (USD mn) -263.832 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Direct Investment: Liabilities (USD mn) 267.118 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Direct Investment: Asset (USD mn) 3.286 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Portfolio Investment (USD mn) 33.165 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Portfolio Investment: Liabilities (USD mn) -5.469 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Portfolio Investment: Asset (USD mn) 27.697 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Financial Derivatives (USD mn) -2.255 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Financial Derivatives: Asset (USD mn) -2.282 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Financial Derivatives: Liabilities (USD mn) -0.026 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Other Investment (OI) (USD mn) -77.698 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: OI: Asset (USD mn) -80.085 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: OI: Liabilities (USD mn) -2.388 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: Reserves: Assets (USD mn) 125.115 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: Net Errors & Omissions (USD mn) -51.244 Feb 2024 monthly Jan 2009 - Feb 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 7.3 Feb 2024 monthly Dec 1996 - Feb 2024
Household Debt: % of GDP (%) 22.3 Dec 2023 quarterly Mar 2004 - Dec 2023
Non-Performing Loans (USD mn) 604.265 Feb 2024 monthly Dec 1996 - Feb 2024
Money Supply M1 (USD mn) 2,800.237 Feb 2024 monthly Dec 1996 - Feb 2024
Money Supply M2 (USD mn) 11,119.003 Feb 2024 monthly Dec 1996 - Feb 2024
M2 Growth (%) 24.3 Feb 2024 monthly Dec 1997 - Feb 2024
Reserve Requirement Ratio (%) 8.0 Mar 2024 monthly Jan 2005 - Mar 2024
Foreign Exchange Reserves (USD mn) 4,293.4 Feb 2024 monthly Dec 1992 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 21.476 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 6.5 Feb 2024 monthly Jan 1997 - Feb 2024
Gold Reserves (USD mn) 569.051 Feb 2024 monthly Dec 1980 - Feb 2024
Total Deposits (USD mn) 6,653.085 Feb 2024 monthly Jan 2000 - Feb 2024
Total Deposits Growth (%) 20.3 Feb 2024 monthly Jan 2001 - Feb 2024
Domestic Credit (USD mn) 8,409.9 Feb 2024 monthly Dec 1992 - Feb 2024
Domestic Credit Growth (%) 12.1 Feb 2024 monthly Dec 1993 - Feb 2024
Household Debt (USD mn) 4,834.2 Feb 2024 monthly Jan 2004 - Feb 2024
Total Loans (USD mn) 8,292.988 Feb 2024 monthly Dec 1996 - Feb 2024
Total Loans Growth (%) 23.91 Feb 2024 monthly Dec 1997 - Feb 2024
Private Debt: % of Nominal GDP (%) 38.96 Dec 2023 quarterly Dec 2010 - Dec 2023
Money Supply: M2: M1 (MNT mn) 9,470,094.647 Feb 2024 monthly Dec 1990 - Feb 2024
International Reserves: Gross (USD mn) 5,249.820 Mar 2024 monthly Jan 2006 - Mar 2024
Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 2,043,556.267 Feb 2024 monthly Dec 1996 - Feb 2024

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