Central Bank Rate Cut in Uzbekistan
September 10, 2020
Officials at the Central Bank of Uzbekistan cut their refinancing rate by a full percentage point to 14.0%. Previously this year, the rate had also been reduced by 100 basis points in April. Inflation subsided in August to 11.7%, confirming the bank’s belief that such would fall and permitting today’s interest rate cut.
Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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