1 ‘BILLIONS OF TREES EXPO’ RUNNING AT CENTRAL STADIUM WWW.MONTSAME.MN PUBLISHED:2026/04/27      2 PLANT-BASED PRODUCT EXPORTS REACH 183,500 TONNES IN ONE YEAR WWW.MONTSAME.MN PUBLISHED:2026/04/27      3 11.2 MILLION LIVESTOCK HAVE GIVEN BIRTH NATIONWIDE WWW.MONTSAME.MN PUBLISHED:2026/04/27      4 STRONG EARTHQUAKE IN MONGOLIA, MAGNITUDE 5.9 RECORDED ON THE RICHTER SCALE WWW.DAILYAUSAF.COM PUBLISHED:2026/04/27      5 SYSTEMIC CORRUPTION CLAIMS DEBATED WWW.UBPOST.MN PUBLISHED:2026/04/27      6 FUEL SUPPLY SECURED WITH RUSSIA WWW.UBPOST.MN PUBLISHED:2026/04/27      7 FOREIGN NATIONALS INCREASINGLY CITED FOR VISA VIOLATIONS IN MONGOLIA WWW.GOGO.MN PUBLISHED:2026/04/27      8 CHINESE APT ABUSES MULTIPLE CLOUD TOOLS TO SPY ON MONGOLIA WWW.DARKREADING.COM PUBLISHED:2026/04/24      9 HOW A SINKING LITHOSPHERIC ROOT RAISED MONGOLIA'S HANGAY MOUNTAINS WWW.PHYS.ORG PUBLISHED:2026/04/24      10 MONGOLIA AGREES PETROLEUM PRODUCT SUPPLIES AT DOMESTIC MARKET PRICES WITH RUSSIA WWW.INTERFAX.COM PUBLISHED:2026/04/24      “ХОГ ШАТААЖ, ЭРЧИМ ХҮЧ ҮЙЛДВЭРЛЭХ” ТӨСӨЛ ХЭРЭГЖСЭНЭЭР 2300 ОРЧИМ ӨРХИЙГ ЦАХИЛГААНААР ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/04/27     БҮТЭЭН БАЙГУУЛАЛТЫН ИД УЛИРАЛ ЭХЭЛСЭН Ч ХӨРӨНГӨ ОРУУЛАЛТЫН ГҮЙЦЭТГЭЛ СУЛ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/27     МОНГОЛ ДАХЬ ЗАРИМ ҮЛ ХӨДЛӨХ ХӨРӨНГИЙГ ОХУ-ЫН НЭР ДЭЭР ШИНЭЧЛЭН БҮРТГЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/27     НПГ: Т.ДАВААДАЛАЙ НАРЫГ ХӨРӨНГӨ ЗАВШИХ, МӨНГӨ УГААХ ГЭМТ ХЭРЭГТ ХОЛБОГДУУЛАН ШАЛГАЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/27     ТАТВАРЫН ДАРААХ ДҮНГЭЭР ₮63,242 НООГДОЛ АШГИЙГ ЭНЭ САРЫН 30-НЫ ДОТОР ШИЛЖҮҮЛНЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/04/27     ТОДРУУЛГА: ГХЯ-ААС ЭРЭЭНИЙ КОНСУЛ З.ЛХАГВАДОРЖИЙН АСУУДЛААР ДОТООД ШАЛГАЛТ ЯВУУЛЖ БАЙНА ГЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/04/27     ОРОН НУТГИЙН СОНГУУЛЬД ТАВАН НАМ ОРОЛЦОХОО ИЛЭРХИЙЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/04/27     УЛСЫН ХЭМЖЭЭНД МАЛ ТӨЛЛӨЛТ 50.4 ХУВЬТАЙ ҮРГЭЛЖИЛЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/24     "ХҮННҮ ХОТ"-ЫН СЭРГЭЛЭН ДЭД СТАНЦЫН АЖИЛ 95 ХУВЬТАЙ ҮРГЭЛЖИЛЖ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/04/24     ЗӨВШӨӨРӨЛГҮЙ БАРЬСАН 137 ГАРААШИЙГ БУУЛГАЖ ГАЗРЫГ НЬ ЭНЭ ОНДОО ТОХИЖУУЛЖ ДУУСГАНА ГЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/04/24    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Mongolian c.bank rejects interest rate cap as austerity bites www.reuters.com

ULAANBAATAR, March 20 (Reuters) - Mongolia’s central bank has rejected lawmakers’ proposals to cap or cut interest rates, currently among the world’s highest, as rifts deepen over an economic rescue package agreed with the International Monetary Fund (IMF) last year.

As parliament discusses a bill to prevent interest rates on commercial bank loans from exceeding 18 percent, Bank of Mongolia president Bayartsaikhan Nadmid proposed an alternative strategy during a forum on Tuesday.

“The central bank supports the strategy to decrease interest rates by enabling a macroeconomic environment for it, not by force or control,” he said.

Mongolia secured a $5.5 billion bailout with the IMF last May after an economic crisis left the landlocked Asian nation struggling to pay off its debts and sent its currency, the tugrik, into a tailspin.

The terms of the deal forced the government to raise taxes and cut spending, and also urged Mongolia to strengthen the independence of its banking system and make it less vulnerable to political interference.

Most of the austerity measures have been enacted by the ruling Mongolian People’s Party, but opposition politicians have expressed concern about the economic impact of high interest rates and are seeking powers to force banks to make cuts.

Mongolia has some of the world’s highest interest rates, averaging 19.4 percent in January, according to the central bank. The high rates have reduced economic activity and discouraged small businesses, analysts say.

Inflation currently stands at 6.9 percent, according to the Bank of Mongolia, below an 8 percent target.

Mongolia began subsidising mortgages in 2013 allowing homes to be bought at a rate of 8 percent. According to the Mongolian Mortgage Corporation, which manages the portfolio, total outstanding mortgages as of December 2016 stood at around 4 trillion tugrik ($1.67 billion).

However, the IMF has discouraged the central bank from participating in programmes it describes as “quasi-fiscal activity”.

Demberel Sambuu, a former legislator and head of an economic think tank, said demand for lower interest rates has been on the rise in recent years, but forcing banks to comply was not the solution.

“Fixing the maximum rates on loan interest would be an inefficient way,” he said.

$1 = 2,398 tugrik Reporting by Munkhchimeg Davaasharav and Terrence Edwards Editing by David Stanway and Sam Holmes



Published Date:2018-03-20