Uzbekistan's central bank is signalling that interest rates could fall below 10 percent within three years.
Uzbekistan's central bank is signalling that interest rates could fall below 10 percent within three years.
Deputy chairman Nodirbek Ochilov said the bank plans to keep cutting its key rate, with the pace depending first on inflation coming down to target.
It is a rare piece of forward guidance from Tashkent: cheaper money is coming, but only as fast as prices allow. The bank also set a higher dollar rate for November 6, as the soum keeps weakening.
#Uzbekistan