The National Bank of Tajikistan dropped its key refinancing rate by 80 basis points to 9.00% from 9.80% previously. The Bank last dropped the rate 20bps to 9.80% in December last year, raised it 100bps to 10.00% in October, and raised the interest rate 75bps to 9.00% in March 2011. Tajikistan recorded full year inflation of 9.3% in 2011, and 9.8% in 2010. Tajikistan's currency, the Tajikistani Somani (TJS), last traded around 4.76 against the US dollar.
I don't even know where that is! Good to see more banks cutting rates though
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