Uzbekistan's central bank slashed its policy rate by 100 bps to 15% on July 21st 2022 following a rate cut by the same margin in early June, bringing interest rates to the lowest level since February. The move came as policymakers sought to spur economic activity in the country, which expanded at the slowest pace in a year in Q1 of 2022, amid mounting global headwinds, including the prolonged war in Ukraine. At the same time, inflation in Uzbekistan remained manageable, staying within the central bank's target range of 12-14%. Official data showed the annual inflation rate accelerated to a near 23-month high of 12.20% in June from 10.95% in May, with food prices rising further on the back of soaring commodity prices. source: Central Bank of Uzbekistan
Interest Rate in Uzbekistan averaged 30.16 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 August 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 17.00 percent in 2023 and 16.00 percent in 2024, according to our econometric models.