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. source: Central Bank of Uzbekistan
Interest Rate in Uzbekistan averaged 30.74 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 August 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.