The interbank lending market remains cheap despite the National Bank's tightening policy

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• The interbank lending market remains cheap despite the National Bank's tightening policy

  Despite the National Bank of Kyrgyzstan raising its discount rate to 10%, the cost of interbank lending has remained at around 4% since August 2024. This suggests that primary funding conditions for commercial banks remain stimulating, even with the formal tightening of monetary policy. This is according to analysts at the Eurasian Development Bank.

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