Thursday, October 9, 2014

Tajikistan raises rate 100 bps on inflationary pressures

    Tajikistan's central bank raised its benchmark refinancing rate by 100 basis points to 6.90 precedent "due to the increased impact of inflationary pressures on the economy."
     But the National Bank of Tajikistan, which has raised its rate by 140 basis points this year, most recently by 110 points in May, added that it would also reduce the average interest rate on loans in the banking system and maintain a stable money supply.
     Inflation in September in the former-Soviet state of Tajikistan rose by 0.2 percent to 6.6 percent for cumulative inflation this year of 5.7 percent, according to the central bank.
     Tajikistan's government has said it expects consumer prices to rise by up to 7.5 percent this year from 3.7 percent in 2013.


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