Tashkent, Uzbekistan, Jan. 27
By Demir Azizov- Trend:
The Board of the Central Bank of the Republic of Uzbekistan adopted a decision to keep the refinancing rate at the level of 9 percent per annum, the message of the bank said.
"The decision was made based on the forecast inflation parameters established for the current year, as well as the tasks defined in the Basic directions of monetary policy for 2016," the message said.
It was previously reported that on Jan. 1, 2015, the central bank reduced the refinancing rate to nine percent from 10 percent.
Uzbekistan has been since 2000 using a floating refinancing rate, which is corrected depending on inflation dynamics, and supply and demand in the money market.
The country's government plans to keep inflation within 5.5-6.5 percent in 2015.