Tashkent, Uzbekistan, Oct. 27
By Demir Azizov - Trend:
The board of Uzbekistan's central bank decided to keep the refinancing rate at nine percent.
"The decision was made based on the tasks set in the main areas of the 2015 monetary policy and taking into account the actual and expected inflation level for the current year," according to a message issued by the central bank.
It was previously reported that on Jan. 1 this year 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.
Edited by SI