蒙古证交所20指数 (MSETOP20) 加自选

据路透社周五报道，蒙古总理贡博贾夫·赞丹沙塔尔在四个月前上任后辞职。蒙古立法者确认赞丹沙塔尔为该国最新总理，此前他的前任卢夫萨纳姆萨雷·奥云·埃尔登因腐败指控和街头抗议而失去议会支持而辞职。他突然辞职之际，政治再次不稳定，公众对经济挑战感到沮丧，包括通货膨胀、青年失业和采矿业改革进展缓慢。执政的蒙古人民党现在预计将在几天内提名一名新候选人，以避免明年大选前出现领导层真空。

Mongolian Prime Minister Gombojav Zandanshatar has resigned after taking office just four months ago, Reuters reported Friday. Zandanshatar was confirmed by Mongolian lawmakers as the country's latest prime minister after his predecessor, Luvsannamsrai Oyun-Erdene, quit after losing parliamentary backing due to corruption claims and street protests. His abrupt resignation comes amid renewed political instability and public frustration over economic challenges, including inflation, youth unemployment, and slow progress in mining sector reforms. The ruling Mongolian People’s Party is now expected to nominate a new candidate within days to avoid a leadership vacuum ahead of next year’s general elections.

2025年9月，蒙古的贸易顺差从去年同期的5070万美元大幅扩大到4.872亿美元。这是自2024年6月以来最大的贸易顺差，出口增长10.1%，达到15.505亿美元，进口增长6.6%，达到10.633亿美元。然而，在1月至9月期间，贸易顺差从一年前的31.748亿美元收窄至21.748亿美元。出口同比下降9.1%，至107.086亿美元，主要原因是纺织品和纺织制品（-35.3%）和矿产品（-9.7%）的出货量减少，其中中国占总出口的91.2%，其次是瑞士（5.7%）和美国（0.9%）。与此同时，进口下降0.9%，至85.338亿美元，受运输车辆及其备件（-11.3%）和矿产品（-3.3%）采购减少的拖累。中国占进口总额的最大份额（40.6%），其次是俄罗斯（23.9%）和日本（10.8%）。

Mongolia’s trade surplus widened significantly to USD 487.2 million in September 2025 from USD 50.7 million in the same month last year. This marked the largest trade surplus since June 2024, as exports rose by 10.1% to USD 1550.5 million, while imports grew by 6.6% to USD 1063.3 million. For the January-September period, however, the trade plus narrowed to USD 2,174.8 million from 3,174.8 million a year earlier. Exports declined by 9.1% year-on-year to USD 10,708.6 million, largely driven reduced shipments by textiles and textile articles (-35.3%) and mineral products (-9.7%), with China representing 91.2% of total exports, followed by Switzerland (5.7%), and the US (0.9%). Meanwhile, imports slipped by 0.9% to USD 8,533.8 million, dragged down by reduced purchases of transport vehicles and their spare parts (-11.3%) and mineral products (-3.3%). China accounted for the largest share of total imports (40.6%), followed by Russia (23.9%) and Japan (10.8%).

蒙古的年通货膨胀率从上个月的8.8%上升到2025年9月的9%。这是自3月以来的最高读数，因为食品和非酒精饮料（8月份为10.6%对9.9%）、家具、家用设备和工具（7%对5.8%）、健康（6.5%对6.2%）、酒精饮料和烟草（5.3%对4.9%）、交通（4.1%对3.6%）和通信（1.5%对1%）的价格加速上涨。另一方面，住房和公用事业（19.4%对19.8%）、餐馆和酒店（11.4%对12.8%）、杂项商品和服务（8.1%对8.6%）、服装和鞋类（7.9%对8.4%）以及娱乐和文化（5.3%对5.6%）的成本有所缓和。此外，保险和金融服务（15.3%）以及教育（12.8%）的价格保持稳定。按月计算，9月份消费者价格指数上涨0.2%，较上月的1.6%有所回落。

The annual inflation rate in Mongolia rose to 9% in September 2025 from 8.8% in the previous month. This marked the highest reading since March, as prices accelerated for food and non-alcoholic beverages (10.6% vs 9.9% in August), furnishings, household equipment and tools (7% vs 5.8%), health (6.5% vs 6.2%), alcoholic beverages and tobacco (5.3% vs 4.9%), transport (4.1% vs 3.6%), and communication (1.5% vs 1%). On the other hand, costs moderated for housing and utilities (19.4% vs 19.8%), restaurants and hotels (11.4% vs 12.8%), miscellaneous goods and services (8.1% vs 8.6%), clothing and footwear (7.9% vs 8.4%), and recreation and culture (5.3% vs 5.6%). Additionally, prices were steady for insurance and financial services (15.3%) and education (12.8%). On a monthly basis, consumer prices rose 0.2% in September, easing from 1.6% in the previous month.

蒙古央行连续第二次将基准利率维持在12%，在宏观经济状况稳定、银行业有弹性、金融市场发展以及国内和全球经济风险的情况下采取了谨慎的立场。8月份整体通胀率上升至8.8%，主要原因是肉类、蔬菜和面粉价格上涨。央行预计，未来两到三个月通货膨胀率将小幅上升，到2026年将逐步恢复到6%±2个百分点的目标范围。预计2025年的经济增长将保持强劲，上半年农业增长5.6%，下半年铜生产和大型建筑项目支撑增长。贸易前景有所改善，国际谈判取得进展，美国关税低于最初预期。

Mongolia’s central bank kept its benchmark interest rate at 12% for a second consecutive meeting, adopting a cautious stance amid steady macroeconomic conditions, a resilient banking sector, developments in financial markets, and domestic and global economic risks. Headline inflation rose to 8.8% in August, driven largely by higher prices for meat, vegetables, and flour. The central bank anticipates inflation to increase modestly over the next two to three months before gradually returning to its target range of 6% ± 2 percentage points by 2026. Economic growth in 2025 is expected to remain robust, with 5.6% expansion in the first half led by agriculture and the second half supported by copper production and large construction projects. Trade prospects have improved, with progress in international negotiations and US tariffs coming in below initial expectations.