Uzbekistan central bank cuts rates by 100bp

Uzbekistan 10000 so'm note
A 10,000 Som note from Uzbekistan
Abduvali

Uzbekistan’s central bank cut policy rates by 100 basis points after an emergency meeting on April 14, in response to the Covid-19 pandemic.

The central bank announced on April 14 that it had cut policy rates from 16% to 15%. It had been due to hold its next monetary policy meeting on April 23. The central bank said, in a statement issued in Russian, that moves taken to combat the virus, as well as falling oil prices, have significantly affected household incomes. 

Natural gas, the price of

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