Economic Archives - Page 38 of 96 - News.MN

Mongolia keeps benchmark interest rate unchanged at 6 percent

MongolBank or the Central Bank of Mongolia announced on Wednesday that its monetary policy council has decided to keep the benchmark interest rate unchanged at 6 percent.

In addition, inflation is expected to be around the target rate of 6 percent

Mongolia’s inflation soars to 6.2 percent

Mongolia’s national consumer inflation reached 6.2% in May, up by 0.7% m/m, according to the country’s national statistics office.

Inflation was 5.6% in April.

The increase was affected by the increased price of consumer goods such as imported alcoholic beverages and tobacco

Supporting Mongolian SMEs to enter the European market

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU), together with the European Mongolian Chamber of Commerce and Industry (EuroChamber Mongolia), recently announced launching a ‘SME Export capacity building’ project to pave the way for Mongolian

Women Empowerment Programme in Mongolian cashmere sector

The Sustainable Fibre Alliance and clothing brand J.Crew are supporting nomadic female herders with workshops designed to lift their economic and social standing. Despite having the potential to bring tremendous value to the cashmere supply chain, the Sustainable Fibre Alliance

Mongolia’s foreign exchange reserves reached all-time high

Mongolia’s foreign exchange reserves reached USD 4.9 billion at the end of April, hitting an all-time high, reported the country’s Central Bank.

The record was mainly related to the stable exchange rate of the Mongolian national currency, the Tugrik,  and measures