Monday, February 27, 2012

National Bank of Tajikistan Drops Rate 80bps to 9.00%

The National Bank of Tajikistan dropped its key refinancing rate by 80 basis points to 9.00% from 9.80% previously.  The Bank last dropped the rate 20bps to 9.80% in December last year, raised it 100bps to 10.00% in October, and raised the interest rate 75bps to 9.00% in March 2011.  Tajikistan recorded full year inflation of 9.3% in 2011, and 9.8% in 2010.  Tajikistan's currency, the Tajikistani Somani (TJS), last traded around 4.76 against the US dollar.

1 comment:

  1. I don't even know where that is! Good to see more banks cutting rates though