The benchmark interest rate in Uzbekistan was last recorded at 16 percent. source: Central Bank of Uzbekistan

Interest Rate in Uzbekistan averaged 30.24 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 June of 2022.

Interest Rate in Uzbekistan is expected to be 16.00 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 17.00 percent in 2023 and 16.00 percent in 2024, according to our econometric models.

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Uzbekistan Interest Rate

Related Last Previous Unit Reference
Interest Rate 16.00 16.00 percent Jun 2022
Foreign Exchange Reserves 35900.77 35155.52 USD Million Apr 2022
Lending Rate 21.40 21.60 percent Mar 2022
Deposit Interest Rate 16.90 16.00 percent Mar 2022

Uzbekistan Interest Rate
In Uzbekistan, interest rate decisions are taken by the Central Bank of Uzbekistan. The official interest rate is the Refinancing Rate.
Actual Previous Highest Lowest Dates Unit Frequency
16.00 16.00 300.00 9.00 1994 - 2022 percent Daily

News Stream
Uzbekistan Holds Interest Rate at 17%
The Central Bank of Uzbekistan kept its benchmark base rate unchanged at 17% during its April of 2022 meeting, following a 300 bps hike last month in response to the turmoil in Russian financial markets. The decision was aimed to continue supporting the economy against a backdrop of high uncertainties and tensions in the external economic environment. The bank also said it now projects full-year GDP growth at 3.5-4.5%, down from 5.5-6.5% previously, and inflation at 12-14% instead of the 8-9% forecast before the war in Ukraine. The annual inflation rose to 10.5% in March, the highest since last October, from 9.7% in the prior month and well above the target range.
Uzbekistan Hikes Interest Rate to 17%
Uzbekistan's central bank raised its policy rate to 17% from 14% on March 17th 2022. The decision is aimed at mitigating the short-term negative effects of the turmoil on Russian financial markets. The Bank said it increased its intervention in the domestic foreign exchange market in the first half of March in the framework of " neutral tendencies " in order to prevent sharp fluctuations in the exchange rate and ensure the stable operation of the market. In the future, in order to ensure market stability, appropriate interventions will be implemented and measures will be taken to prevent sharp fluctuations in the national currency.
Uzbekistan Holds Interest Rate at 14%
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.