{"id":15835,"date":"2019-03-23T15:57:45","date_gmt":"2019-03-23T07:57:45","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=15835"},"modified":"2019-03-23T16:08:27","modified_gmt":"2019-03-23T08:08:27","slug":"mongolia-leaves-benchmark-interest-rate-unchanged-at-11-percent-to-bolster-economy","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=15835","title":{"rendered":"Mongolia Leaves Benchmark Interest Rate Unchanged At 11 Percent To Bolster Economy"},"content":{"rendered":"\n<p>ULAN BATOR, Mongolia, March 23 (NNN-MONGOLIA WEB) &#8211; Mongolia&#8217;s central bank has decided to leave the benchmark interest rate unchanged at 11 percent, local media reported today (Saturday).<\/p>\n\n\n\n<p>&#8220;The decision aims to bolster economic growth and cope with the inflation target framework, in the medium term,&#8221; said Bayarsaikhan Bayardavaa, head of the bank&#8217;s monetary policy council.<\/p>\n\n\n\n<p>The central bank has set a goal to stabilise inflation around the target rate of eight percent in the medium term, Bayardavaa said, adding that, annual inflation was at around 6.9 percent in Feb.<\/p>\n\n\n\n<p>In addition, Mongolia&#8217;s central bank has maintained its forecast for economic growth to be at least 6.9 percent this year.<\/p>\n\n\n\n<p>Foreign direct investment in the resource-rich country, an increase in coal exports, and activity in non-mining sectors, will be the main drivers of the country&#8217;s economic growth this year, according to experts of the central bank.<\/p>\n\n\n\n<p>The landlocked Asian country&#8217;s gross domestic product in 2018 expanded 6.9 percent, year on year, to reach 18.1 trillion Mongolian tugriks (6.8 billion U.S. dollars).&#8211; NNN-MONGOLIA WEB<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ULAN BATOR, Mongolia, March 23 (NNN-MONGOLIA WEB) &#8211; Mongolia&#8217;s central bank has decided to leave the benchmark interest rate unchanged at 11 percent, local media reported today (Saturday). &#8220;The decision aims to bolster economic growth and cope with the inflation target framework, in the medium term,&#8221; said Bayarsaikhan Bayardavaa, head of the bank&#8217;s monetary policy [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":15854,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,300],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/15835"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15835"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/15835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/15854"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15835"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}