The average interest rate on loans in Uzbekistan's national currency reached 23.47% in November, according to the Central Bank of Uzbekistan (CBU). This marks a steady increase across various loan categories.
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For loans with a term of up to one year, interest rates rose to 23.45%, reflecting a 0.25% increase compared to October. Long-term loans also saw an uptick, with rates climbing to 23.48%, an increase of 0.17%.
Loans issued to individuals experienced a notable rise, with the average rate reaching 24.3%, up by 0.4%. Short-term loans for individuals recorded the highest rate at 26.6%, while long-term loans increased to 24.2%, showing a 0.3% growth.
Corporate loans demonstrated relative stability, with interest rates remaining around 22.7% for the fourth consecutive month. A slight increase in short-term corporate loans brought the rate to 23.2%, while long-term loans showed a decrease, with rates dropping to 22.4%.
Loans in foreign currency became slightly more expensive in November, with the average interest rate rising to 10.2%, an increase of 0.1%. Short-term foreign currency loans saw a more significant rise, reaching 10.8%, while long-term foreign currency loan rates fell to 9.7%, a decrease of 0.3%.
Earlier Daryo reported that on December 12, the Central Bank of Uzbekistan announced its decision to maintain the policy rate at 13.5% per annum. The move aims to address inflation and ensure economic stability amid persistent high demand and increasing price pressures.
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