As earlier reported, the Central Bank of Uzbekistan adopted decision to decrease refinancing rate by 2 percentage points. The Board of the Central Bank of Uzbekistan adopted a corresponding decision.

The decision was adopted taking into account forecasted inflation rate in 2011 and to stimulate economic growth in the country.

As earlier reported, Uzbekistan announced 2011 as the Year of small business and entrepreneurship.

The move will reduce interest rates in money markets, thus reduction of loans in economy.

In particular, the rates on loans, issued to implementation of programmes on modernization, technical and technologic re-equipment of production capacities, financing of habitation construction in rural areas, support of small and private businesses, will be decreased. This will help to increase credit investments.