Money in Mongolia
Inflation dropped to 11.3% in April from 12.2% in March, above the Central Bank’s 4.0–8.0% target range. In March, the Central Bank left the policy rate at 13.00%, after doubling the rate over the prior 12 months. Inflation is seen dipping this year but will average in double digits, boosted by strong economic growth, a recovery in tourist arrivals and January’s minimum wage hike.
Mongolia Money Chart
Mongolia Money Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Money (ann. var. of M2 %) | 30.5 | 22.8 | 8.2 | 16.2 | 13.8 |