Tuesday, January 14, 2014

Tajikistan cuts rate 70 bps to 4.8 percent

    Tajikistan's central bank cut its benchmark refinancing rate by 70 basis points to 4.8 percent, reflecting lower inflationary pressures and the impact of external factors.
    The National Bank of Tajikistan, which cut rates by 100 basis points in 2013, said the cut should help lower the average rate of loans in the banking system.
    The central bank said on its website that monthly inflation in December was 0.3 percent for an annual rate of 3.7 percent.
    Tajikistan's Gross Domestic Product expanded by an annual 7.4 percent in the third quarter, slightly down from the second quarter's rate of 7.5 percent. The government had forecast 2013 growth of 7.4 percent following growth of 7.5 percent in 2012.



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