Central Bank of Uzbekistan: Average Deposit and Loan Rates Decline in December 2025

Tashkent, Uzbekistan (UzDaily.com) — The Central Bank of Uzbekistan has published data on average interest rates for deposits and loans for December 2025.

The average rate on term deposits in the national currency was 18.4%, down 0.4 percentage points from November.

For loans in soums, the average rate reached 21.9%, marking a 0.5 percentage point decrease over the year. In particular, the average rate for commercial loans was 23.2%.

In foreign currencies, the average rate on term deposits remained at 4.7% for the month, reflecting a 0.3 percentage point decline over the year.

The average rate on foreign currency loans was 10.0%, showing a slight monthly decrease of 0.1 percentage point.

The data indicate a gradual reduction in borrowing costs and a moderate decline in deposit yields, which may help stimulate lending to businesses and the general public.