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BUSINESS | 12:53 / 09.06.2022
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1 min read
Central Bank sets refinancing rate at 16 percent
An interim meeting of the CB Board of the Republic of Uzbekistan is being held.
Photo: Central Bank of Uzbekistan
According to the regulator’s press service, it was decided to reduce the refinancing rate by 1 percentage point and set it at 16% per annum.
In late April this year, the Central Bank decided to keep the refinancing rate unchanged at 17% per annum.
The highest refinancing rate in the history of Uzbekistan was observed in 1995, when the base rate reached 300%. Since then, the refinancing rate has been declining until 2017, and on June 27, it was 9%.
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