Mongolia's central bank cuts benchmark interest rate to 12 pct

ULAN BATOR, March 16 (Xinhua) -- Mongolia's central bank has decided to lower its benchmark interest rate to 12 percent, local media reported on Saturday, citing a statement released by the bank.

"After taking into account the current and future state of the economy and financial markets, and external risks to the economy, the monetary policy council of the central bank made the decision to cut the benchmark int