The Central Bank of Uzbekistan reported that the average nominal rate on loans in the national currency increased from 19.9% in July to 20.1% in August.
According to the regulator’s report, the rate added 0.1 percentage points in July compared to June, and climbed another 0.2 percentage points in August. Over the past year, however, som borrowings have become 1.3 percentage points cheaper on average.
Long-term loans are offered at 20.1%, while short-term debt averages 20.2%. For retail borrowers, the average rate stood at 19.8% in August, compared with 20.3% for businesses. Rates on long-term foreign currency loans topped 11% for the first time in recent years.