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The Central Financial institution of Uzbekistan diminished its coverage charge by 100 foundation factors at its July 21 coverage assembly, to fifteen%. That is the second consecutive time the central financial institution has reduce its most important charge and the transfer continues the reversal of a 300bp hike ordered on March 17.
The strikes parallel current Russian financial coverage choices. The Financial institution of Russia sharply hiked its coverage charge from 9.5% to twenty% on the finish of February, then progressively reversed this in a collection of choices between April and June
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