CBU resolves to uphold refinancing rate

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Finance 01/08/2008 CBU resolves to uphold refinancing rate

The bank said in order to continue firm monetary-credit policy and taking into account actual and expected inflation rate, the refinancing rate will be kept at 14% APR.

The Central Bank of Uzbekistan set the refinancing rate at 14% APR in July 2006, when it cut it from 16% APR.

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