Central Bank of Ubekistan
March 17, 2022
The Central Bank of Ubekistan‘s policy interest rate was jacked up three percentage points to 17%, its highest level since the final 7 months of 2004 when such was at 18%. In between, the rate had been as low as 9% from the start of 2015 until mid-2017. During the first pandemic year, there had been two 100-basis point cuts, and the rate had been at 14% since September of that year. Today’s actions is intended to prevent “the growth of devaluation and inflation expectations.”
Copyright 2022, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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