Central Bank key rate (refinancing rate): the amount in 2026 and change history
Data checked on 23.10.2026More details
“Central Bank key rate (refinancing rate)” — 14% per year, in effect since 24.03.2025. Basis: Central Bank press release dated 20.03.2025.
Before that, since 26.07.2024, it was 13.5% per year: +0.5 pp.
The key rate is the Central Bank’s main monetary policy instrument: the target for the overnight interest rate on the interbank market (UZONIA). Introduced on 1 January 2020 in place of the refinancing rate, which remains valid and equals the key rate. Bank loan and deposit rates depend on it; the decision is taken by the Central Bank Board on a schedule (eight meetings a year).
Amounts are taken from the acts on lex.uz (National Legislation Database); the Central Bank rate comes from the Central Bank website (cbu.uz). A figure that takes effect later is shown separately.
Reference information, not legal advice. The amount is given according to the text of the act as of the date it took effect; check the current version of the act before applying it.
In effect since 24.03.2025 · Before: 13.5% per year, +0.5 pp
Dynamics
Change history
| In effect since | Amount | Document |
|---|---|---|
| 24.03.2025 current | 14% per year | Central Bank press release dated 20.03.2025 cbu.uzIn effect on the date of checking (page https://cbu.uz/ru/monetary-policy/refinancing-rate/, updated 18.09.2026). |
| 26.07.2024 | 13.5% per year | Central Bank press release dated 25.07.2024 cbu.uz |
| 17.03.2023 | 14% per year | Central Bank press release dated 16.03.2023 cbu.uz |
| 22.07.2022 | 15% per year | Central Bank press release dated 21.07.2022 cbu.uz |
| 10.06.2022 | 16% per year | Central Bank press release dated 09.06.2022 cbu.uz |
| 18.03.2022 | 17% per year | Central Bank press release dated 17.03.2022 cbu.uz |
| 11.09.2020 | 14% per year | Central Bank table “Key rate dynamics” cbu.uz |
| 15.04.2020 | 15% per year | Central Bank press release dated 14.04.2020 cbu.uz |
| 25.09.2018 | 16% per year | Central Bank press release dated 22.09.2018 cbu.uzRefinancing rate; from 01.01.2020 the Central Bank key rate, equal to the refinancing rate. |
| 28.06.2017 | 14% per year | Central Bank table “Key rate dynamics” cbu.uzRefinancing rate. |
| 01.01.2015 | 9% per year | Central Bank table “Key rate dynamics” cbu.uzThe value in effect on 01.01.2016 (the starting entry of the series); until 31.12.2019 it was the refinancing rate. |
Other figures
- Base calculation value (BCV) — 440 000 UZS
- Minimum wage (MROT) — 1 360 000 UZS/mo.
- Base value for pension calculation — 504 000 UZS/mo.
Frequently asked questions
What is “Central Bank key rate (refinancing rate)” now?
14% per year, in effect since 24.03.2025. Basis: Central Bank press release dated 20.03.2025. Data checked on 23.10.2026.
When was “Central Bank key rate (refinancing rate)” last changed?
Since 24.03.2025: from 13.5% per year to 14% per year; change: +0.5 pp. Basis: Central Bank press release dated 20.03.2025.
How has “Central Bank key rate (refinancing rate)” changed since 2015?
10 changes: 9% per year from 01.01.2015, now 14% per year. All changes with documents are in the “Change history” table on this page.
What is “Central Bank key rate (refinancing rate)” used for?
The key rate is the Central Bank’s main monetary policy instrument: the target for the overnight interest rate on the interbank market (UZONIA). Introduced on 1 January 2020 in place of the refinancing rate, which remains valid and equals the key rate. Bank loan and deposit rates depend on it; the decision is taken by the Central Bank Board on a schedule (eight meetings a year).