The Central Bank of Uzbekistan left its benchmark base rate unchanged at 14% at its October 21st 2021 meeting, as policymakers said the current monetary policy was supportive of achieving the year end inflation target of 10% amid strong economic growth and the persistence of inflationary pressures. Along with the improvement of the pandemic situation, the central bank noted positive trends in both external and domestic demand, which were behind the 6.9% rise in GDP during the January-September period. However, the tourism, transport, and auto manufacturing industries lagged in the recovery and were 32.4% lower compared to the first nine months of 2020. On the price front, the annual inflation rate in Uzbekistan stood at 10.8% in September, above the central bank’s baseline scenario forecast, boosted by food prices, while 12-month inflation expectations declined to 15.8% among consumers and 14.7% among businesses. source: Central Bank of Uzbekistan

Interest Rate in Uzbekistan averaged 30.54 percent from 1994 until 2021, 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 October of 2021.

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 2022, according to our econometric models.

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Uzbekistan Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-29 07:00 AM 14% 14% 14%
2021-09-09 07:00 AM 14% 14% 14%
2021-10-21 07:15 AM 14% 14% 14%
2021-12-09 08:15 AM 14%


Related Last Previous Unit Reference
Interest Rate 14.00 14.00 percent Oct/21
Lending Rate 21.20 21.20 percent Sep/21
Foreign Exchange Reserves 34414.31 35433.53 USD Million Sep/21
Deposit Interest Rate 16.40 16.30 percent Sep/21

News Stream
Uzbekistan Keeps Interest Rate Unchanged at 14%
The Central Bank of Uzbekistan left its benchmark base rate unchanged at 14% at its October 21st 2021 meeting, as policymakers said the current monetary policy was supportive of achieving the year end inflation target of 10% amid strong economic growth and the persistence of inflationary pressures. Along with the improvement of the pandemic situation, the central bank noted positive trends in both external and domestic demand, which were behind the 6.9% rise in GDP during the January-September period. However, the tourism, transport, and auto manufacturing industries lagged in the recovery and were 32.4% lower compared to the first nine months of 2020. On the price front, the annual inflation rate in Uzbekistan stood at 10.8% in September, above the central bank’s baseline scenario forecast, boosted by food prices, while 12-month inflation expectations declined to 15.8% among consumers and 14.7% among businesses.
2021-10-21
Uzbekistan Holds Base Rate Steady at 14%
The Central Bank of Uzbekistan left its benchmark base rate unchanged at 14% at its September 9th 2021 meeting, amid persistent inflationary pressures. The annual inflation rate in Uzbekistan quickened to a five-month high of 11.1% in July, from 10.9% in June.
2021-09-09
Uzbekistan Interest Rate Unchanged at 14% in July
The Central Bank of Uzbekistan left its benchmark base rate unchanged at 14% at its July 29th 2021 meeting, while the interest rate corridor was widened to more or less 2 percentage points, as policymakers hoped to achieve the year end inflation target of 9%-10% and maintain economic activity balanced against a worsening pandemic. The annual inflation rate in Uzbekistan stood at 10.9% in June, unchanged from May, driven by food prices. The economy expanded 6.2% in the first semester, compared to the same period a year earlier, due low base year effects, fiscal stimulus, and loans to the economy. Meanwhile, the central bank upgraded its 2021 growth forecasts to 5.8%-6.8%, from an earlier 4.5%-5.5% estimate. On an ending note, the bank reaffirmed its commitment to monitor and eliminate inflationary risks.
2021-07-29

Uzbekistan Interest Rate
In Uzbekistan, interest rate decisions are taken by the Central Bank of Uzbekistan. The official interest rate is the Refinancing Rate.