1 WHY BRITAIN’S PARTNERSHIP WITH MONGOLIA MATTERS FOR OUR GROWTH AND SECURITY WWW.POLITICSHOME.COM PUBLISHED:2026/04/23      2 CONDÉ NAST TRAVELLER ANNOUNCES SEVEN NATURAL WONDERS OF THE WORLD WWW.HOSPITALITYNET.ORG PUBLISHED:2026/04/23      3 MONGOLIA PRESENTS THREE ENVIRONMENTAL INITIATIVES AT ASTANA SUMMIT WWW.MONTSAME.MN PUBLISHED:2026/04/23      4 GOVERNMENT REVIEWS ECONOMIC RISKS AMID RISING FUEL PRICES WWW.MONTSAME.MN PUBLISHED:2026/04/23      5 ASIAN BATTERY METALS COMPLETES MONGOLIA ACQUISITION AND COMMENCES DRILLING WWW.DISCOVERYALERT.COM.AU PUBLISHED:2026/04/22      6 CABINET SUSPENDS TUUL EXPRESSWAY PROJECT AMID PUBLIC CONCERNS WWW.MONTSAME.MN PUBLISHED:2026/04/22      7 KAZAKHSTAN TO ESTABLISH CONSULATE IN BAYAN-ULGII, LAUNCH DIRECT FLIGHTS TO OSKEMEN WWW.GOGO.MN PUBLISHED:2026/04/22      8 15,000 PIT LATRINES TO BE ELIMINATED UNDER “SELBE 20-MINUTE CITY” PROJECT WWW.GOGO.MN PUBLISHED:2026/04/22      9 CHINA’S FREE TRADE ZONE EXPANDS TO 23 WITH INNER MONGOLIA ADDITION WWW.CHINA-BRIEFING.COM PUBLISHED:2026/04/22      10 MONGOLIA TURNING DATA SILOS INTO COST-EFFICIENT GOVERNANCE TOOLS WWW.GOVINSIDER.ASIA PUBLISHED:2026/04/22      Х.НЯМБААТАР: ТУУЛЫН ХУРДНЫ ЗАМЫН ГҮЙЦЭТГЭГЧЭЭР ШАЛГАРСАН КОМПАНИ ХОХИРОЛ НЭХЭМЖЛЭХ БАЙХ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/23     МОНГОЛ, КАЗАХСТАНЫ КОМПАНИУД 20 САЯ АМ.ДОЛЛАРЫН ГЭРЭЭ ХИЙЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/04/23     ЭРХТЭН, ЭД, ЭС ШИЛЖҮҮЛЭН СУУЛГАХ АСУУДАЛ ХАРИУЦСАН ҮНДЭСНИЙ ТӨВ БАЙГУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/23     ХОТ ӨНГӨРСӨН ХУГАЦААНД: НИЙСЛЭЛИЙН АЛДАГДСАН 15 БАРИЛГА, БАЙГУУЛАМЖИЙГ БУЦААЖ АВЛАА WWW.NEWS.MN НИЙТЭЛСЭН:2026/04/23     Б.БАТЦЭЦЭГ: ТУУЛЫН ХУРДНЫ ЗАМТАЙ ХОЛБООТОЙ АЛБАН ТУШААЛТНУУДЫГ ХУУЛЬ ХЯНАЛТЫН БАЙГУУЛЛАГА ШАЛГАЖ ДУУСТАЛ ТӨСЛИЙГ ЗОГСООНО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/22     ЗАСГИЙН ГАЗРЫН ЗОГСООСОН ТУУЛЫН ХУРДНЫ ЗАМЫН ТӨСӨЛД 500 ОРЧИМ ТЭРБУМ ТӨГРӨГИЙГ ГҮЙЦЭТГЭГЧ КОМПАНИД ОЛГОЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/04/22     “ДУЛААНЫ ТАВДУГААР ЦАХИЛГААН СТАНЦ” ТӨСӨЛ ХЭРЭГЖИХ ТАЛБАЙН ҮНСИЙГ ЗӨӨЖ ЭХЭЛЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/04/22     ЗАСГИЙН ГАЗАР "ТУУЛЫН ХУРДНЫ ЗАМ" ТӨСЛИЙГ ЗОГСООХ ШИЙДВЭР ГАРГАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/22     КАЗАХСТАНТАЙ ГАЗРЫН ТОС, ЦӨМИЙН ЭНЕРГИЙН САЛБАРТ ХАМТРАХ САНАМЖ БИЧИГ БАЙГУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/04/22     "ЧИНГИС ХААН БАНК”, “КАПИТАЛ БАНК”-ААС УЧИРСАН ХОХИРЛЫГ НӨХӨН ТӨЛҮҮЛЖ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/04/22    
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