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Kyrgyzstan eyes 5 percent inflation in 2019

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Christian Fernsby |
Asia   The growth tendency continues in the economy of Kyrgyzstan

The National Bank of Kyrgyzstan predicts 5 percent inflation by the end of 2019, the press service of the central bank reported.

"The price dynamics in Kyrgyzstan remains low. In March, the overall price level in annual terms fell by 0.4 percent. The National Bank forecasts inflation by the end of 2019 at the level of 5 percent, and its average annual value is expected to be no higher than 3 percent," the report said.

The growth tendency continues in the economy of Kyrgyzstan, mainly in the manufacturing industry, with real GDP rising by 4.9 percent from January to February this year, according to the bank.

Meanwhile, domestic demand continues to be supported by the inflow of remittances into the country and the growth of real wages. In January, the net inflow of remittances increased by 11.2 percent and the real wages grew by 4.4 percent.

In the domestic foreign exchange market, the situation remains stable, the report said.

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