{"id":71759,"date":"2015-04-29T11:16:12","date_gmt":"2015-04-29T15:16:12","guid":{"rendered":"http:\/\/countingpips.com\/?p=71759"},"modified":"2015-04-29T11:33:07","modified_gmt":"2015-04-29T15:33:07","slug":"uzbekistan-maintains-rate-at-9","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/uzbekistan-maintains-rate-at-9\/","title":{"rendered":"Uzbekistan maintains rate at 9%"},"content":{"rendered":"<div id=\"inves-1439645932\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 29, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>CentralBankNews.info<\/u><\/a><br \/>\n&nbsp; &nbsp; Uzbekistan&#8217;s central bank left its benchmark refinancing rate steady at 9.0 percent, saying this decision was based on economic forecasts, in particular the inflation target, and to ensure a stable resource base for commercial banks.<br \/>&nbsp; &nbsp; The Central Bank of the Republic of Uzbekistan, which cut its rate by 100 basis points in January, last week said the capital adequacy of the country&#8217;s banking system amounted to 23.7 percent, three times higher than the international standards of 8.0 percent set by the Basel Committee.<br \/>&nbsp; &nbsp; The bank&#8217;s aim is to raise the total capital of banks to at least 20 percent. The current liquidity of the banking system currently amounts to 24.3 percent, twice the international standards.<br \/>&nbsp; &nbsp; The central bank&#8217;s inflation target for 2015 is 6-7 percent.<br \/>&nbsp; &nbsp; In 2014 inflation averaged 8.4 percent and is projected to rise to 9.5 percent this year and 9.8 percent in 2016 by the International Monetary Fund.<br \/>&nbsp; &nbsp; The bank&#8217;s statement was issued on April 28.<\/p>\n<p>&nbsp; &nbsp; <a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info &nbsp; &nbsp; Uzbekistan&#8217;s central bank left its benchmark refinancing rate steady at 9.0 percent, saying this decision was based on economic forecasts, in particular the inflation target, and to ensure a stable resource base for commercial banks.&nbsp; &nbsp; The Central Bank of the Republic of Uzbekistan, which cut its rate by 100 basis [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-71759","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=71759"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71759\/revisions"}],"predecessor-version":[{"id":71760,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71759\/revisions\/71760"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}