Mongolia Policy Rate

2007 - 2025 | Monthly | % pa | Bank of Mongolia

Key information about Mongolia Policy Rate

  • Mongolia cash rate (Policy Rate: Month End) was set at 12.00 % pa in Nov 2025, compared with 12.00 % pa in the previous Oct 2025.
  • Mongolia Policy Rate averaged 15.00 % pa and is updated monthly, available from Jul 2007 to Nov 2025.
  • The data reached an all-time high of 15.00 % pa in Nov 2016 and a record low of 6.00 % pa in Dec 2021.
  • Mongolia Exchange Rate against USD averaged 3,571.03 (USD/MNT) in Nov 2025.
  • Its Real Effective Exchange Rate was 126.79 in Sep 2025.

View Mongolia's Policy Rate from Jul 2007 to Nov 2025 in the chart:

Mongolia Policy Rate

What was Mongolia's Policy Rate in Nov 2025?

Mongolia cash rate (Policy Rate: Month End) was set at 12.00 % pa in Nov 2025, compared with 12.00 % pa in the previous Oct 2025. See the table below for more data.

Last Previous Min Max Unit Frequency Range
12.00 Nov 2025 12.00 Oct 2025 6.00 Dec 2021 15.00 Nov 2016 % pa monthly Jul 2007 - Nov 2025

Policy Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 2.50 Nov 2025 monthly Jan 2000 - Nov 2025
Algeria (% pa) 2.75 Nov 2025 monthly Jan 1963 - Nov 2025
Argentina (%) 37.49 Oct 2025 monthly Jan 1985 - Oct 2025
Armenia (% pa) 6.75 Nov 2025 monthly May 2001 - Nov 2025
Australia (% pa) 3.60 Nov 2025 monthly Aug 1990 - Nov 2025
Austria (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Azerbaijan (% pa) 7.00 Nov 2025 monthly Jan 2005 - Nov 2025
Bahrain (% pa) 4.75 Nov 2025 monthly Jan 2007 - Nov 2025
Bangladesh (% pa) 10.00 Oct 2025 monthly Sep 2009 - Oct 2025
Belarus (% pa) 9.75 Nov 2025 monthly Jul 1991 - Nov 2025
Belgium (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Bolivia (% pa) 3.21 Nov 2025 monthly Jan 2013 - Nov 2025
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 15.00 Nov 2025 monthly Mar 1999 - Nov 2025
Bulgaria (% pa) 1.81 Dec 2025 monthly Feb 1991 - Dec 2025
Canada (% pa) 2.25 Oct 2025 monthly Dec 1992 - Oct 2025
Chile (% pa) 4.75 Nov 2025 monthly May 1995 - Nov 2025
China (% pa) 1.40 Nov 2025 monthly May 2012 - Nov 2025
Colombia (% pa) 9.25 Nov 2025 monthly Apr 1995 - Nov 2025
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Czech Republic (% pa) 2.50 Nov 2025 monthly Jan 1993 - Nov 2025
Denmark (% pa) 1.60 Nov 2025 monthly Aug 1914 - Nov 2025
Ecuador (% pa) 7.76 Dec 2025 monthly Jul 1995 - Dec 2025
Egypt (% pa) 21.50 Nov 2025 monthly Jan 1991 - Nov 2025
Estonia (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
European Union (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Finland (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
France (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Georgia (% pa) 8.00 Nov 2025 monthly Jan 2008 - Nov 2025
Germany (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Ghana (% pa) 25.00 Nov 2025 monthly Nov 2002 - Nov 2025
Greece (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Hong Kong SAR, China (% pa) 4.25 Nov 2025 monthly Jun 1992 - Nov 2025
Hungary (% pa) 6.50 Nov 2025 monthly Oct 1990 - Nov 2025
Iceland (% pa) 8.00 Nov 2025 monthly Jan 1994 - Nov 2025
India (% pa) 5.50 Nov 2025 monthly Apr 2001 - Nov 2025
Indonesia (% pa) 4.75 Nov 2025 monthly Jun 2015 - Nov 2025
Ireland (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Israel (% pa) 4.25 Nov 2025 monthly Dec 1998 - Nov 2025
Italy (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) 0.50 Nov 2025 monthly Mar 2006 - Nov 2025
Jordan (% pa) 7.00 Nov 2025 monthly Dec 1965 - Nov 2025
Kazakhstan (% pa) 18.00 Nov 2025 monthly Feb 1992 - Nov 2025
Kenya (% pa) 9.00 Dec 2025 monthly Jul 2003 - Dec 2025
South Korea (% pa) 2.50 Nov 2025 monthly May 1999 - Nov 2025
Kosovo (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Kuwait (% pa) 3.75 Nov 2025 monthly Jul 1999 - Nov 2025
Kyrgyzstan (% pa) 11.00 Nov 2025 monthly Jan 1999 - Nov 2025
Laos (% pa) 8.50 Nov 2025 monthly Dec 1992 - Nov 2025
Latvia (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Lebanon (% pa) 20.00 Sep 2025 monthly Apr 1964 - Sep 2025
Lithuania (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Luxembourg (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Macau SAR, China (% pa) 4.25 Nov 2025 monthly Dec 1999 - Nov 2025
North Macedonia (% pa) 5.35 Oct 2025 monthly Jan 2002 - Oct 2025
Malawi (% pa) 26.00 Nov 2025 monthly Jan 1980 - Nov 2025
Malaysia (% pa) 2.75 Nov 2025 monthly Apr 2004 - Nov 2025
Malta (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Mauritius (% pa) 4.50 Nov 2025 monthly Dec 1999 - Nov 2025
Mexico (% pa) 7.25 Nov 2025 monthly Jan 2008 - Nov 2025
Moldova (% pa) 6.00 Nov 2025 monthly Feb 2001 - Nov 2025
Mongolia (% pa) 12.00 Nov 2025 monthly Jul 2007 - Nov 2025
Montenegro (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Morocco (% pa) 2.25 Nov 2025 monthly Jun 1995 - Nov 2025
Myanmar (% pa) 9.00 2025 yearly 1986 - 2025
Nepal (% pa) 6.00 Sep 2025 monthly Jul 2003 - Sep 2025
Netherlands (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
New Zealand (% pa) 2.25 Nov 2025 monthly Mar 1999 - Nov 2025
Nigeria (% pa) 27.00 Nov 2025 monthly Jan 2006 - Nov 2025
Norway (% pa) 4.00 Nov 2025 monthly Jan 1991 - Nov 2025
Oman (% pa) 4.50 Nov 2025 monthly May 2007 - Nov 2025
Pakistan (% pa) 12.00 Nov 2025 monthly Feb 1992 - Nov 2025
Paraguay (% pa) 6.00 Nov 2025 monthly Jul 2010 - Nov 2025
Peru (% pa) 4.25 Nov 2025 monthly Sep 2003 - Nov 2025
Philippines (% pa) 5.25 Nov 2025 monthly Jun 2016 - Nov 2025
Poland (% pa) 4.00 Dec 2025 monthly Jan 2005 - Dec 2025
Portugal (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Qatar (% pa) 4.60 Nov 2025 monthly Mar 2003 - Nov 2025
Romania (% pa) 6.50 Nov 2025 monthly Jan 2003 - Nov 2025
Russia (% pa) 16.50 Nov 2025 monthly Sep 2013 - Nov 2025
Saudi Arabia (% pa) 4.50 Nov 2025 monthly Jan 2000 - Nov 2025
Serbia (% pa) 5.75 Nov 2025 monthly Jan 2001 - Nov 2025
Singapore (% pa) 1.05 Nov 2025 monthly Jul 2005 - Nov 2025
Slovakia (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Slovenia (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
South Africa (% pa) 6.75 Nov 2025 monthly Nov 1999 - Nov 2025
Spain (% pa) 2.15 Nov 2025 monthly Jan 1999 - Nov 2025
Sri Lanka (% pa) 7.25 Nov 2025 monthly Jan 1997 - Nov 2025
Sweden (% pa) 1.75 Nov 2025 monthly Jan 1987 - Nov 2025
Switzerland (% pa) -0.05 Nov 2025 monthly Jun 1999 - Nov 2025
Syria (% pa) 5.00 Sep 2025 monthly Jan 1962 - Sep 2025
Taiwan (% pa) 2.00 Nov 2025 monthly Jul 1961 - Nov 2025
Tajikistan (% pa) 7.50 Nov 2025 monthly Jun 1995 - Nov 2025
Thailand (% pa) 1.50 Nov 2025 monthly May 2000 - Nov 2025
Tunisia (% pa) 7.50 Nov 2025 monthly Jan 2000 - Nov 2025
Turkey (% pa) 39.50 Nov 2025 monthly Jun 1996 - Nov 2025
Ukraine (% pa) 15.50 Nov 2025 monthly Dec 1992 - Nov 2025
United Arab Emirates (% pa) 3.90 Nov 2025 monthly Nov 2007 - Nov 2025

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Mongolia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.2 Sep 2025 quarterly Dec 2000 - Sep 2025
Consolidated Fiscal Balance (USD mn) -72.316 Oct 2025 monthly Jan 2000 - Oct 2025
Tax Revenue (USD mn) 524.268 Oct 2025 monthly Jan 2000 - Oct 2025
Tax Revenue: % of GDP (%) 27.4 Sep 2025 quarterly Mar 2000 - Sep 2025
Government Debt: % of GDP (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
Forecast: Government Expenditure (MNT bn) 58,083.013 2030 yearly 1981 - 2030
Forecast: Government Net Debt (MNT bn) 98,835.528 2030 yearly 2006 - 2030
Forecast: Government Revenue (MNT bn) 53,758.183 2030 yearly 1981 - 2030
General Government Expenditure & NL: ytd: Net Lending (MNT mn) 6,007.785 Jan 2025 monthly Dec 1999 - Jan 2025
General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 296,288.913 Jan 2025 monthly Dec 1999 - Jan 2025
General Government Balance: ytd (MNT mn) -492,703.800 Jan 2025 monthly Dec 1999 - Jan 2025
General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 22,066,910.300 Dec 2024 monthly Dec 1999 - Dec 2024
General Government Expenditure & NL: ytd: Expenditure (MNT mn) 2,154,886.548 Jan 2025 monthly Dec 1999 - Jan 2025
General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 7,924,167.600 Dec 2024 monthly Dec 1999 - Dec 2024
General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 113,203.269 Jan 2025 monthly Dec 1999 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
Trade Balance (USD mn) 677.6 Oct 2025 monthly Jan 1997 - Oct 2025
Total Exports (USD mn) 1,522.4 Oct 2025 monthly Jan 1997 - Oct 2025
Total Exports Growth (%) 7.9 Oct 2025 monthly Jan 1998 - Oct 2025
Aluminum: Exports (USD th) 17,602.481 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 117.835 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 3,906.650 2024 yearly 1995 - 2024
Total Imports (USD mn) 844.8 Oct 2025 monthly Jan 1997 - Oct 2025
Total Imports Growth (%) -14.0 Oct 2025 monthly Jan 1998 - Oct 2025
Imports: Medicament (USD th) 194,649.356 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 151,307.381 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 6.893 Oct 2025 monthly Dec 1999 - Oct 2025
Total Imports from USA (USD mn) 20.683 Oct 2025 monthly Dec 1999 - Oct 2025
Total Exports to China (USD mn) 1,250.033 Oct 2025 monthly Dec 1999 - Oct 2025
Total Imports from China (USD mn) 380.269 Oct 2025 monthly Dec 1999 - Oct 2025
Exports: Live Animals and Products of Animal Origin (USD th) 5,098.791 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
Exports: Mineral Products (USD th) 838,352.397 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: Textiles and Textile Articles (USD th) 13,101.987 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
Exports: Europe: European Union: ow United Kingdom (USD th) 319.274 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: Asia: North Eastern: ow China (USD th) 863,547.687 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Base Metals and Articles Thereof (USD th) 47,145.766 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 146,491.254 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Mineral Products (USD th) 209,490.684 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Food Products (USD th) 57,743.099 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 142,993.417 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Europe: Others: ow Russian Federation (USD th) 236,393.169 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Asia: North Eastern: ow China (USD th) 207,203.752 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Asia: North Eastern: ow Republic of Korea (USD th) 29,096.402 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: America: ow USA (USD th) 30,303.696 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Asia: North Eastern: ow Japan (USD th) 100,806.768 Feb 2025 monthly Dec 1999 - Feb 2025
Export Value Index (2015=100) 198.040 2021 yearly 1980 - 2021
Import Value Index (2015=100) 180.345 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 109.807 2021 yearly 2000 - 2021
Import Volume Index (2015=100) 147.693 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 0.8 Oct 2025 monthly Jan 2009 - Oct 2025
Current Account Balance (USD mn) 149.9 Oct 2025 monthly Jan 2009 - Oct 2025
Current Account Balance: % of GDP (%) 2.3 Sep 2025 quarterly Mar 2000 - Sep 2025
Foreign Direct Investment (USD mn) 188.0 Oct 2025 monthly Jan 2009 - Oct 2025
Foreign Direct Investment: % of GDP (%) 10.0 Sep 2025 quarterly Mar 2000 - Sep 2025
Foreign Portfolio Investment (USD mn) 611.706 Sep 2025 quarterly Mar 1998 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 11.1 Sep 2025 quarterly Mar 2000 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 41.1 Sep 2025 quarterly Mar 1998 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 570.638 Sep 2025 quarterly Mar 1998 - Sep 2025
External Debt (USD mn) 40,439.3 Sep 2025 quarterly Mar 2000 - Sep 2025
External Debt: % of GDP (%) 157.9 2024 yearly 1992 - 2024
External Debt: Short Term (USD mn) 2,640.4 Sep 2025 quarterly Mar 2000 - Sep 2025
External Debt: Short Term: % of GDP (%) 8.6 2024 yearly 1992 - 2024
Forecast: Current Account Balance (USD bn) -4.117 2030 yearly 1991 - 2030
Net International Investment Position (USD mn) -45,651.362 Sep 2025 quarterly Dec 2010 - Sep 2025
BoP: FA: Direct Investment: Liabilities (USD mn) 188.011 Oct 2025 monthly Jan 2009 - Oct 2025
BoP: FA: OI: Asset (USD mn) 184.965 Oct 2025 monthly Jan 2009 - Oct 2025
BoP: Capital Account (USD mn) 9.043 Oct 2025 monthly Jan 2009 - Oct 2025
BoP: FA: Portfolio Investment: Asset (USD mn) 5.970 Oct 2025 monthly Jan 2009 - Oct 2025
Balance of Payments (BoP): Current Account (CA) (USD mn) -521.897 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: CA: Primary Income (USD mn) -197.620 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: CA: Goods & Services: Services (USD mn) -320.947 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Portfolio Investment (USD mn) -26.075 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Portfolio Investment: Liabilities (USD mn) 24.330 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: Financial Account (FA) (USD mn) 4.999 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Other Investment (OI) (USD mn) 107.590 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: Net Errors & Omissions (USD mn) -159.513 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: Reserves: Assets (USD mn) -680.711 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Direct Investment: Asset (USD mn) 15.874 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: CA: Goods & Services: Goods (USD mn) -1.574 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Financial Derivatives (USD mn) 2.416 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Financial Derivatives: Liabilities (USD mn) -2.481 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Financial Derivatives: Asset (USD mn) -0.065 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: OI: Liabilities (USD mn) -165.570 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Direct Investment (USD mn) -78.933 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: CA: Secondary Income (USD mn) -1.757 Jan 2025 monthly Jan 2009 - Jan 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.3 Oct 2025 monthly Dec 1996 - Oct 2025
Household Debt: % of GDP (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
Non-Performing Loans (USD mn) 642.373 Oct 2025 monthly Dec 1996 - Oct 2025
Money Supply M1 (USD mn) 3,066.500 Oct 2025 monthly Dec 1996 - Oct 2025
Money Supply M2 (USD mn) 12,563.189 Oct 2025 monthly Dec 1996 - Oct 2025
M2 Growth (%) 7.0 Oct 2025 monthly Dec 1997 - Oct 2025
Reserve Requirement Ratio (%) 13.0 Nov 2025 monthly Jan 2005 - Nov 2025
Foreign Exchange Reserves (USD mn) 4,843.4 Nov 2025 monthly Dec 1992 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 19.853 Sep 2025 quarterly Dec 2010 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 5.8 Oct 2025 monthly Jan 1997 - Oct 2025
Gold Reserves (USD mn) 947.114 Nov 2025 monthly Dec 1980 - Nov 2025
Total Deposits (USD mn) 8,200.173 Oct 2025 monthly Jan 2000 - Oct 2025
Total Deposits Growth (%) 16.7 Oct 2025 monthly Jan 2001 - Oct 2025
Domestic Credit (USD mn) 11,918.7 Oct 2025 monthly Dec 1991 - Oct 2025
Domestic Credit Growth (%) 22.7 Oct 2025 monthly Dec 1992 - Oct 2025
Household Debt (USD mn) 7,203.3 Oct 2025 monthly Jan 2004 - Oct 2025
Total Loans (USD mn) 12,204.073 Oct 2025 monthly Dec 1996 - Oct 2025
Total Loans Growth (%) 23.48 Oct 2025 monthly Dec 1997 - Oct 2025
Private Debt: % of Nominal GDP (%) 49.12 Sep 2025 quarterly Dec 2010 - Sep 2025
International Reserves: Gross (USD mn) 5,886.140 Nov 2025 monthly Jan 2006 - Nov 2025
Money Supply: M2: M1 (MNT mn) 10,832,174.537 Jan 2025 monthly Dec 1990 - Jan 2025
Deposits (MNT tn) 26.500 Jan 2025 monthly Jan 2000 - Jan 2025
Deposits: Corporate (MNT tn) 4.200 Jan 2025 monthly May 2018 - Jan 2025
Deposits: Individual (MNT tn) 22.300 Jan 2025 monthly May 2018 - Jan 2025
Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 1,932,525.472 Jan 2025 monthly Dec 1996 - Jan 2025

More Indicators for Mongolia

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