Overview
- The central bank’s Monetary Policy Committee set a 45% debt‑to‑income cap on new consumer loans and raised required reserves by 1 percentage point to 14% for tugrik deposits and 19% for foreign‑currency deposits.
- President Ukhnaagiin Khurelsukh issued a decree directing a government plan to advance traditional medicine, covering legal updates, workforce training, data systems, and quality and safety for traditional drug production.
- Parliament leadership gathered public, private and international stakeholders to refine the legal framework for nationwide EV charging built on distributed renewable power, following a Dec. 26 mandate targeting infrastructure for 100,000 vehicles.
- Ulaanbaatar launched a 45‑day open selection for private partners to build in Selbe 20‑Minute City’s public zones, with submissions due March 2 for a 158‑hectare development planned for 8,575 homes and extensive community spaces.
- Forecasters warned of a severe cold spell through Jan. 22, with Ulaanbaatar around −24°C to −29°C by day and down to −33°C to −42°C at night, and extreme lows across northern valleys and basins.