Bank of Mongolia lowers its policy rate

Economy
Unurzul.M
unurzul@montsame.mn
2017-12-22 14:57:50
Ulaanbaatar/MONTSAME/ At its December 22 meeting, the Monetary Policy Committee (MPC) of the Bank of Mongolia made a decision to set its policy rate at 11 percent, cutting it by 1 percentage point.

This decision was caused by positive indications arisen in the economy. In 2017, the MPC lowered the policy rate twice. Lowering the policy rate which was at 15 percent last year is believed to bring opportunities, such as increase of jobs and SMEs.
M. Unurzul 
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