The Central Bank of Uzbekistan left its benchmark refinancing rate unchanged at 14% during its October 2020 meeting, saying it sought to maintain a balance between supporting economic recovery and reducing inflation. The bank said it maintained its outlook for full-year inflation at 11.0% to 12.5% and that will take all necessary measures along with the government to achieve the constant inflation target of 5% by 2023. Headline inflation stood at 11.7% in September, unchanged from August. The board added it planned to keep monetary conditions "relatively tight" under its main macroeconomic scenario for the next three years, as well as under an optimistic scenario which projects a quicker recovery.
Interest Rate in Uzbekistan averaged 31.16 percent from 1994 until 2020, 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 2020.
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. Looking forward, we estimate Interest Rate in Uzbekistan to stand at 14.00 in 12 months time. In the long-term, the Uzbekistan Interest Rate is projected to trend around 14.00 percent in 2021 and 15.00 percent in 2022, according to our econometric models.