Uzbekistan lowers key rate by 100bp

Central Asian country follows Russia in reversing rate increases from start of invasion of Ukraine

Uzbekistan 10000 so'm note
Abduvali

The Central Bank of Uzbekistan reduced its policy rate by 100 basis points at its July 21 policy meeting, to 15%. This is the second consecutive time the central bank has cut its main rate and the move continues the reversal of a 300bp hike ordered on March 17.

The moves parallel recent Russian monetary policy decisions. The Bank of Russia sharply hiked its policy rate from 9.5% to 20% at the end of February, then gradually reversed this in a series of decisions between April and June

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.