TABLE 3 REFINANCING RATE OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTAN, INFLATION RATE AND AVERAGE ANNUAL CREDIT RATE ON BANK LOANS TO SMALL BUSINESSES IN UZS [6] Indicators YEars 2011 2012 2013 2014 2015 2016 Annual rate of the Central Bank refinancing rate
12,0
12,0
12,0
10,0
9,0
9,0
Annual inflation rate
7,6
7,0
6,8
6,1
5,6
5,7
Average annual interest rate of credits in Soums
to small businesses
10,1
8,4
8,6
7,9
8,7
11,2
As can be seen from Table 3, the annual inflation rate decline in 2011-2015 allowed the Central
Bank of the Republic of Uzbekistan to lower the refinancing rate.
During the analyzed period, the interest rates on loans provided by commercial banks to small
businesses were positive, which was higher than the inflation rate. In the case of a linear
diagram, this will look like this:
credits
microcredits
ISSN: 2278-4853 Special Issue, March, 2020 Impact Factor: SJIF 2020 = 6.882
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