The Mongol Bank has increased policy rate by 0.5% to 11.5%. Revealing this at a Press conference on Thursday, the Bank officials also said money supply at the end of March was 67% or MNT1. 98 trillion more than in the same period last year. The Bank feels it will keep rising because of more foreign investment in mining, expansion of the state budget, and banks granting more commercial loans.

Inflation in March stood at 7.4%. There was a drop in meat price and inflation without food items and consumer goods was 7.9%.

The Mongol Bank feels the economy is showing signs of overheating.