{"id":6158,"date":"2020-06-12T16:32:00","date_gmt":"2020-06-12T11:32:00","guid":{"rendered":"http:\/\/invest-in-uzbekistan.org\/?p=6158"},"modified":"2020-06-12T16:32:00","modified_gmt":"2020-06-12T11:32:00","slug":"tsb-budut-prinyaty-mery-po-vedeniyu-priemlemoj-protsentnoj-politiki-v-bankah","status":"publish","type":"post","link":"https:\/\/invest-in-uzbekistan.org\/en\/novosti-uzbekistana\/tsb-budut-prinyaty-mery-po-vedeniyu-priemlemoj-protsentnoj-politiki-v-bankah\/","title":{"rendered":"The Central Bank will take steps to maintain an acceptable interest policy in banks"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">A macroeconomic analysis shows that, amid expectations that inflation will decline to 11-12.5 percent by the end of this year, and to 9 percent by the end of 2021, banks will set interest rates on deposits up to 23 percent enhances interest rate risks, and the offer of loans at 26-30 percent &#8211; credit risks.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">In order to prevent these risks, taking into account the current inflation rate and market conditions, the Central Bank decided to encourage banks to pursue a reasonable interest rate policy using monetary instruments and prudential measures.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">So, from 1 July 2020 until 1 January 2021, the following are considered acceptable interest rates:<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">&#8211; on deposits in national currency &#8211; 18 percent, on loans in national currency &#8211; up to 24 percent;<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">&#8211; for loans in foreign currency for business entities &#8211; up to 8 percent.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">The values of these interest rates will vary based on the level of the Central Bank\u2019s basic rate.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">At the same time, the introduction of acceptable interest rates will not limit the profitability of banks\u2019 operations, and banks reserve the right to independently set interest rates in the framework of their activities.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">An incentive mechanism has been introduced for banks engaged in credit and deposit operations within acceptable interest rates through the use of monetary instruments.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">In particular:<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">&#8211; an increase in the averaging coefficient used in calculating the volume of required reserves deposited with the Central Bank from the current 35 percent to 75 percent;<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">&#8211; a decrease in the calendar deductions of banks to the Deposit Guarantee Fund from the current 0.25 percent to 0.05 percent;<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">&#8211; a system has been introduced to provide banks with the necessary resources for a period of 3-6 months through monetary instruments;<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">&#8211; And also, \u201cirrevocable\u201d credit lines will be opened secured by assets classified as \u201cstandard\u201d in the amount of 2 percent of the bank\u2019s total assets in case of a lack of liquidity.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>A macroeconomic analysis shows that, amid expectations that inflation will decline to 11-12.5 percent by the end of this year, and to 9 percent by the end of 2021, banks&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti-uzbekistana"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/comments?post=6158"}],"version-history":[{"count":2,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6158\/revisions"}],"predecessor-version":[{"id":6162,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6158\/revisions\/6162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media\/6161"}],"wp:attachment":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media?parent=6158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=6158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=6158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}