{"id":9761,"date":"2025-09-23T15:20:37","date_gmt":"2025-09-23T10:20:37","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/"},"modified":"2025-09-24T13:46:06","modified_gmt":"2025-09-24T08:46:06","slug":"central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/","title":{"rendered":"Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits"},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>High rates complicate access to financing for businesses and the population, affecting the investment climate. If the factors that shape rates are not reduced, economic growth may slow down. <\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>Inflation and inflation expectations are the main factors, according to Ishmetov; there will be no rate reduction without price stability.<\/li>\n<li>A significant share of concessional\/directive loans (within the framework of state programs) prevents the market from freely forming rates.<\/li>\n<li>High returns on deposits: banks compete with each other, especially those that issue microloans, to attract client funds.<\/li>\n<li>Microloans are a risky product, they are issued with high interest rates. When banks are focused on them, they are forced to attract deposits at high rates \u2014 other banks react similarly. <\/li>\n<li>The Central Bank is not planning to administratively force credit rates to decrease \u2014 this should happen through market mechanisms, through reducing inflation and increasing the reliability of money.<\/li>\n<\/ul>\n<p><strong>Context<\/strong><\/p>\n<p>In Uzbekistan, directive or concessional lending previously constituted a large share of the loan portfolio; according to some estimates, about 30% of bank loans were concessional by the end of 2024. The Central Bank&#8217;s monetary policy is aimed at reducing inflation to 6-7% in 2025 according to the baseline scenario. High deposits and competitive struggle for public funds exacerbate the situation with expensive loans.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chairman of the Central Bank of Uzbekistan, Timur Ishmetov, spoke on September 11 about the reasons for the high interest rates on loans.<\/p>\n","protected":false},"author":4,"featured_media":9619,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":[],"_sharing_image_fieldset":[],"pin_until":"","footnotes":""},"categories":[2061],"tags":[2081,2261,2079,2154,2239],"class_list":["post-9761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-cb","tag-credits","tag-finance","tag-inflation","tag-timur-ishmetov-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"The Chairman of the Central Bank of Uzbekistan, Timur Ishmetov, spoke on September 11 about the reasons for the high interest rates on loans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits\" \/>\n<meta property=\"og:description\" content=\"The Chairman of the Central Bank of Uzbekistan, Timur Ishmetov, spoke on September 11 about the reasons for the high interest rates on loans.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/\" \/>\n<meta property=\"og:site_name\" content=\"Frank.uz\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FrankUzbekistan\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-23T10:20:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-24T08:46:06+00:00\" \/>\n<meta name=\"author\" content=\"Azamat\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@frank_uzb\" \/>\n<meta name=\"twitter:site\" content=\"@frank_uzb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azamat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/\",\"url\":\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/\",\"name\":\"Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits &#8212; Frank.uz\",\"isPartOf\":{\"@id\":\"https:\/\/frank.uz\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/hztleb17123073726101_l.jpg\",\"datePublished\":\"2025-09-23T10:20:37+00:00\",\"dateModified\":\"2025-09-24T08:46:06+00:00\",\"author\":{\"@id\":\"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67\"},\"description\":\"The Chairman of the Central Bank of Uzbekistan, Timur Ishmetov, spoke on September 11 about the reasons for the high interest rates on loans.\",\"breadcrumb\":{\"@id\":\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#primaryimage\",\"url\":\"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/hztleb17123073726101_l.jpg\",\"contentUrl\":\"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/hztleb17123073726101_l.jpg\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/frank.uz\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/frank.uz\/en\/#website\",\"url\":\"https:\/\/frank.uz\/en\/\",\"name\":\"Frank.uz\",\"description\":\"\u0414\u0435\u043d\u044c\u0433\u0438. \u0411\u0438\u0437\u043d\u0435\u0441. \u0412\u043b\u0430\u0441\u0442\u044c.\",\"alternateName\":\"\u0414\u0435\u043b\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0423\u0437\u0431\u0435\u043a\u0438\u0441\u0442\u0430\u043d\u0430\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/frank.uz\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67\",\"name\":\"Azamat\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/frank.uz\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d243bbe6aa31efeab6988fe2306a2e5b6dcf75c26624d1771654002e7e919c16?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d243bbe6aa31efeab6988fe2306a2e5b6dcf75c26624d1771654002e7e919c16?s=96&d=mm&r=g\",\"caption\":\"Azamat\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits &#8212; Frank.uz","description":"The Chairman of the Central Bank of Uzbekistan, Timur Ishmetov, spoke on September 11 about the reasons for the high interest rates on loans.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/","og_locale":"en_US","og_type":"article","og_title":"Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits","og_description":"The Chairman of the Central Bank of Uzbekistan, Timur Ishmetov, spoke on September 11 about the reasons for the high interest rates on loans.","og_url":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/","og_site_name":"Frank.uz","article_publisher":"https:\/\/www.facebook.com\/FrankUzbekistan","article_published_time":"2025-09-23T10:20:37+00:00","article_modified_time":"2025-09-24T08:46:06+00:00","author":"Azamat","twitter_card":"summary_large_image","twitter_creator":"@frank_uzb","twitter_site":"@frank_uzb","twitter_misc":{"Written by":"Azamat","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/","url":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/","name":"Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits &#8212; Frank.uz","isPartOf":{"@id":"https:\/\/frank.uz\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#primaryimage"},"image":{"@id":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#primaryimage"},"thumbnailUrl":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/hztleb17123073726101_l.jpg","datePublished":"2025-09-23T10:20:37+00:00","dateModified":"2025-09-24T08:46:06+00:00","author":{"@id":"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67"},"description":"The Chairman of the Central Bank of Uzbekistan, Timur Ishmetov, spoke on September 11 about the reasons for the high interest rates on loans.","breadcrumb":{"@id":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#primaryimage","url":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/hztleb17123073726101_l.jpg","contentUrl":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/hztleb17123073726101_l.jpg","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/frank.uz\/en\/news-en\/central-bank-expensive-loans-due-to-inflation-benefits-and-high-deposits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/frank.uz\/en\/"},{"@type":"ListItem","position":2,"name":"Central Bank: Expensive loans \u2014 due to inflation, benefits, and high deposits"}]},{"@type":"WebSite","@id":"https:\/\/frank.uz\/en\/#website","url":"https:\/\/frank.uz\/en\/","name":"Frank.uz","description":"\u0414\u0435\u043d\u044c\u0433\u0438. \u0411\u0438\u0437\u043d\u0435\u0441. \u0412\u043b\u0430\u0441\u0442\u044c.","alternateName":"\u0414\u0435\u043b\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0423\u0437\u0431\u0435\u043a\u0438\u0441\u0442\u0430\u043d\u0430","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/frank.uz\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67","name":"Azamat","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/frank.uz\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d243bbe6aa31efeab6988fe2306a2e5b6dcf75c26624d1771654002e7e919c16?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d243bbe6aa31efeab6988fe2306a2e5b6dcf75c26624d1771654002e7e919c16?s=96&d=mm&r=g","caption":"Azamat"}}]}},"_links":{"self":[{"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/posts\/9761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/comments?post=9761"}],"version-history":[{"count":1,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/posts\/9761\/revisions"}],"predecessor-version":[{"id":9762,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/posts\/9761\/revisions\/9762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/media\/9619"}],"wp:attachment":[{"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/media?parent=9761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/categories?post=9761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/tags?post=9761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}