The Central Bank of Uzbekistan kept its benchmark base rate unchanged at 14% during its January of 2022 meeting, saying an accommodative monetary policy stance remained appropriate, as long as necessary to keep inflation within the target and support savings, amid uncertainties in the domestic and external economic conditions. The annual inflation was at 10 percent in 2021, within the target range. The core inflation rate also fell to 8.8 percent by the end of 2021, the lowest level in five years. Meanwhile, inflation is estimated at 9 percent in 2022. Policymakers said that the impact of high fiscal stimulus in 2021 will continue in 2022, and the economic growth rates will approach to their potential growth rate. According to preliminary data, the economy grew by 7.4 percent in 2021. source: Central Bank of Uzbekistan
Interest Rate in Uzbekistan averaged 30.50 percent from 1994 until 2022, reaching an all time high of 300 percent in March of 1995 and a record low of 9 percent in January of 2015. This page provides the latest reported value for - Uzbekistan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uzbekistan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Interest Rate in Uzbekistan is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uzbekistan Interest Rate is projected to trend around 15.00 percent in 2023, according to our econometric models.