Kyrgyzstan maintains one of the lowest accounting rates in the EAEU

Compared to other countries in the Eurasian Economic Union, Kyrgyzstan continues to maintain one of the lowest key interest rates. At the beginning of September, the National Bank of the Kyrgyz Republic's rate was 9.25%, while in Russia it reached 18% and in Kazakhstan 16.5%.

For comparison, the rate in Armenia is 6.75% and in Belarus 9.75%. Thus, Kyrgyzstan is in the lower price range of the EAEU, offering relatively affordable lending conditions, but higher than Armenia, where the regulator adheres to a more lenient monetary policy.

Since the beginning of 2024, the rate in Kyrgyzstan has been reduced from 13% to 9% and remained unchanged for five quarters, after which it rose by a quarter of a percentage point in September 2025. Meanwhile, Russia and Kazakhstan are maintaining a tight policy due to inflationary pressures, keeping rates almost twice as high as those in Kyrgyzstan.