Mongolia's M2 money supply grew to MNT9,969bn ($5.32bn) in October, up from MNT8.716bn in October 2013, the central bank said in its monthly bulletin published on November 18.
M2 money supply peaked in January 2014 to MNT10,022bn and remained stable throughout 2014. M1 money supply was MNT1,751bn in October, down by 9.6% from October 2013.
The country's monetary authorities are phasing out the expansionary monetary policies adopted in 2012 and 2013 to tackle growing inflationary pressure - CPI jumped to 14.9% y/y in July and was 12.1% y/y in October.
Fitch Ratings said on November 30 that the rating watch negative (RWN) it ... more
Mongolia on November 30 announced debt regulation measures to refinance its $600mn Khuraldai bond. Ulaanbaatar extended an offer to investors for a cash buyback of the 8.75% interest rate, with ... more
Fitch Ratings on October 18 placed Development Bank of Mongolia (DBM’s) Long-Term Issuer Default Ratings ... more