The National Bank of the Republic of Tajikistan kept its refinancing rate unchanged at 7.00% per annum in April 2026, citing improved price stability in domestic and global commodity markets, the relative stability of the national currency, inflation remaining near the lower bound of the target range, and anchored inflation expectations, after cutting the rate by 50 bp to 7.0% in January 2026. The central bank said inflation was still near the lower end of its target range, while the national currency remained relatively stable, and it pointed to improved conditions in global commodity markets as part of the backdrop for the decision.
National Bank of the Republic of Tajikistan2026-04-30
National Bank of the Republic of Tajikistan Keeps Refinancing Rate Unchanged at 7.00%
The National Bank of the Republic of Tajikistan kept its refinancing rate unchanged at 7.00% per annum in April 2026, after cutting it by 50 basis points to 7.0% in January 2026. The central bank cited inflation remaining near the lower bound of its target range, anchored inflation expectations, the relative stability of the national currency, and improved price stability in domestic and global commodity markets.