Tajikistan Cuts Key Rate to Lowest Level Sinc…


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In its October meeting, the National Bank of Tajikistan decided to reduce the key refinancing rate by 25 basis points, bringing it down to 7.50%. This adjustment marks the lowest borrowing costs since 2014. The decision was influenced by a persistent decrease in inflation, which dipped to 2.8% in September, marking its lowest point since July 2023 and falling below the central bank’s target range of 3% to 7%. Concurrently, real GDP growth showed considerable strength, achieving an 8.2% increase from January through August 2025. This robust growth supports the central bank’s inclination towards a more accommodative policy.




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