DUSHANBE, Tajikistan, August 3. Inflation in Tajikistan reached 1.8 percent in the first half of 2025, down 0.1 percentage points from the same period last year, Trend reports via the National Bank of Tajikistan (NBT).
As of June, annual inflation stood at 3.6 percent, remaining at the lower end of the NBT’s target corridor of 5 percent (±2 percentage points) and showing a 0.1 percentage point increase compared to the previous year.
In order to regulate the monetary base, optimize liquidity
ratios within the financial institutions, and mitigate inflationary
dynamics, the National Bank conducted 61 auctions for the
disposition of sovereign debt instruments amounting to 12.4 billion
somoni ($1.3 billion). Moreover, the financial institution garnered
a daily influx averaging 1.3 billion somoni (equivalent to $137
million) via its overnight deposit mechanisms.
Throughout the designated reporting interval, the pivotal benchmark
interest rate, commonly referred to as the refinancing rate,
experienced a decrement of 0.75 basis points, culminating in an
annualized rate of 8.25 percent. The resolution was propelled by
consistent domestic and international pricing dynamics,
advantageous macroeconomic projections, and mitigated economic
uncertainties.
