Tajikistan Policy Rate

1995 - 2025 | Monthly | % pa | National Bank of Tajikistan

Key information about Tajikistan Policy Rate

  • Tajikistan cash rate (Policy Rate: Month End: Refinancing Rate) was set at 7.50 % pa in Dec 2025, compared with 7.50 % pa in the previous Nov 2025.
  • Tajikistan Policy Rate averaged 8.00 % pa and is updated monthly, available from Jun 1995 to Dec 2025.
  • The data reached an all-time high of 250.00 % pa in Feb 1996 and a record low of 4.80 % pa in Apr 2014.
  • Tajikistan Exchange Rate against USD averaged 9.28 (USD/TJS) in Nov 2025.

View Tajikistan's Policy Rate from Jun 1995 to Dec 2025 in the chart:

Get this data
Tajikistan Policy Rate
Get this data
Tajikistan Policy Rate

What was Tajikistan's Policy Rate in Dec 2025?

Tajikistan cash rate (Policy Rate: Month End: Refinancing Rate) was set at 7.50 % pa in Dec 2025, compared with 7.50 % pa in the previous Nov 2025. See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.50 Dec 2025 7.50 Nov 2025 4.80 Apr 2014 250.00 Feb 1996 % pa monthly Jun 1995 - Dec 2025

Policy Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 2.50 Nov 2025 monthly Jan 2000 - Nov 2025
Algeria (% pa) 2.75 Dec 2025 monthly Jan 1963 - Dec 2025
Argentina (%) 25.46 Dec 2025 monthly Jan 1985 - Dec 2025
Armenia (% pa) 6.50 Dec 2025 monthly May 2001 - Dec 2025
Australia (% pa) 3.60 Dec 2025 monthly Aug 1990 - Dec 2025
Austria (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Azerbaijan (% pa) 6.75 Dec 2025 monthly Jan 2005 - Dec 2025
Bahrain (% pa) 4.50 Dec 2025 monthly Jan 2007 - Dec 2025
Bangladesh (% pa) 10.00 Oct 2025 monthly Sep 2009 - Oct 2025
Belarus (% pa) 9.75 Dec 2025 monthly Jul 1991 - Dec 2025
Belgium (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Bolivia (% pa) 3.26 Dec 2025 monthly Jan 2013 - Dec 2025
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 15.00 Nov 2025 monthly Mar 1999 - Nov 2025
Bulgaria (% pa) 1.81 Dec 2025 monthly Feb 1991 - Dec 2025
Canada (% pa) 2.25 Dec 2025 monthly Dec 1992 - Dec 2025
Chile (% pa) 4.50 Dec 2025 monthly May 1995 - Dec 2025
China (% pa) 1.40 Nov 2025 monthly May 2012 - Nov 2025
Colombia (% pa) 9.25 Dec 2025 monthly Apr 1995 - Dec 2025
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Czech Republic (% pa) 2.50 Dec 2025 monthly Jan 1993 - Dec 2025
Denmark (% pa) 1.60 Dec 2025 monthly Aug 1914 - Dec 2025
Ecuador (% pa) 7.74 Jan 2026 monthly Jul 1995 - Jan 2026
Egypt (% pa) 20.50 Dec 2025 monthly Jan 1991 - Dec 2025
Estonia (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
European Union (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Finland (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
France (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Georgia (% pa) 8.00 Dec 2025 monthly Jan 2008 - Dec 2025
Germany (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Ghana (% pa) 25.00 Nov 2025 monthly Nov 2002 - Nov 2025
Greece (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Hong Kong SAR, China (% pa) 4.00 Dec 2025 monthly Jun 1992 - Dec 2025
Hungary (% pa) 6.50 Nov 2025 monthly Oct 1990 - Nov 2025
Iceland (% pa) 8.00 Dec 2025 monthly Jan 1994 - Dec 2025
India (% pa) 5.25 Dec 2025 monthly Apr 2001 - Dec 2025
Indonesia (% pa) 4.75 Dec 2025 monthly Jun 2015 - Dec 2025
Ireland (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Israel (% pa) 4.25 Dec 2025 monthly Dec 1998 - Dec 2025
Italy (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) 0.50 Nov 2025 monthly Mar 2006 - Nov 2025
Jordan (% pa) 6.75 Dec 2025 monthly Dec 1965 - Dec 2025
Kazakhstan (% pa) 18.00 Dec 2025 monthly Feb 1992 - Dec 2025
Kenya (% pa) 9.00 Dec 2025 monthly Jul 2003 - Dec 2025
South Korea (% pa) 2.50 Nov 2025 monthly May 1999 - Nov 2025
Kosovo (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Kuwait (% pa) 3.50 Dec 2025 monthly Jul 1999 - Dec 2025
Kyrgyzstan (% pa) 11.00 Dec 2025 monthly Jan 1999 - Dec 2025
Laos (% pa) 8.50 Nov 2025 monthly Dec 1992 - Nov 2025
Latvia (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Lebanon (% pa) 20.00 Sep 2025 monthly Apr 1964 - Sep 2025
Lithuania (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Luxembourg (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Macau SAR, China (% pa) 4.00 Dec 2025 monthly Dec 1999 - Dec 2025
North Macedonia (% pa) 5.35 Oct 2025 monthly Jan 2002 - Oct 2025
Malawi (% pa) 26.00 Dec 2025 monthly Jan 1980 - Dec 2025
Malaysia (% pa) 2.75 Nov 2025 monthly Apr 2004 - Nov 2025
Malta (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Mauritius (% pa) 4.50 Dec 2025 monthly Dec 1999 - Dec 2025
Mexico (% pa) 7.00 Dec 2025 monthly Jan 2008 - Dec 2025
Moldova (% pa) 5.00 Dec 2025 monthly Feb 2001 - Dec 2025
Mongolia (% pa) 12.00 Dec 2025 monthly Jul 2007 - Dec 2025
Montenegro (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Morocco (% pa) 2.25 Nov 2025 monthly Jun 1995 - Nov 2025
Myanmar (% pa) 9.00 2025 yearly 1986 - 2025
Nepal (% pa) 6.00 Nov 2025 monthly Jul 2003 - Nov 2025
Netherlands (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
New Zealand (% pa) 2.25 Nov 2025 monthly Mar 1999 - Nov 2025
Nigeria (% pa) 27.00 Dec 2025 monthly Jan 2006 - Dec 2025
Norway (% pa) 4.00 Nov 2025 monthly Jan 1991 - Nov 2025
Oman (% pa) 4.25 Dec 2025 monthly May 2007 - Dec 2025
Pakistan (% pa) 12.00 Nov 2025 monthly Feb 1992 - Nov 2025
Paraguay (% pa) 6.00 Dec 2025 monthly Jul 2010 - Dec 2025
Peru (% pa) 4.25 Dec 2025 monthly Sep 2003 - Dec 2025
Philippines (% pa) 5.25 Nov 2025 monthly Jun 2016 - Nov 2025
Poland (% pa) 4.00 Dec 2025 monthly Jan 2005 - Dec 2025
Portugal (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Qatar (% pa) 4.60 Dec 2025 monthly Mar 2003 - Dec 2025
Romania (% pa) 6.50 Nov 2025 monthly Jan 2003 - Nov 2025
Russia (% pa) 16.00 Dec 2025 monthly Sep 2013 - Dec 2025
Saudi Arabia (% pa) 4.25 Dec 2025 monthly Jan 2000 - Dec 2025
Serbia (% pa) 5.75 Dec 2025 monthly Jan 2001 - Dec 2025
Singapore (% pa) 1.05 Nov 2025 monthly Jul 2005 - Nov 2025
Slovakia (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Slovenia (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
South Africa (% pa) 6.75 Dec 2025 monthly Nov 1999 - Dec 2025
Spain (% pa) 2.15 Dec 2025 monthly Jan 1999 - Dec 2025
Sri Lanka (% pa) 7.25 Dec 2025 monthly Jan 1997 - Dec 2025
Sweden (% pa) 1.75 Dec 2025 monthly Jan 1987 - Dec 2025
Switzerland (% pa) -0.05 Nov 2025 monthly Jun 1999 - Nov 2025
Syria (% pa) 5.00 Dec 2025 monthly Jan 1962 - Dec 2025
Taiwan, China (% pa) 2.00 Nov 2025 monthly Jul 1961 - Nov 2025
Tajikistan (% pa) 7.50 Dec 2025 monthly Jun 1995 - Dec 2025
Thailand (% pa) 1.25 Dec 2025 monthly May 2000 - Dec 2025
Tunisia (% pa) 7.50 Dec 2025 monthly Jan 2000 - Dec 2025
Turkey (% pa) 38.00 Dec 2025 monthly Jun 1996 - Dec 2025
Ukraine (% pa) 15.50 Dec 2025 monthly Dec 1992 - Dec 2025
United Arab Emirates (% pa) 3.65 Dec 2025 monthly Nov 2007 - Dec 2025

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Tajikistan Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.2 2016 yearly 2000 - 2016
Consolidated Fiscal Balance (USD mn) 14.146 2016 yearly 2000 - 2016
Tax Revenue (USD mn) 1,427.886 2016 yearly 2000 - 2016
Tax Revenue: % of GDP (%) 20.5 2016 yearly 2000 - 2016
Government Debt: % of GDP (%) 36.3 2021 yearly 1999 - 2021
Forecast: Government Expenditure (TJS bn) 82.757 2030 yearly 1998 - 2030
Forecast: Government Net Debt (TJS bn) 72.231 2030 yearly 1998 - 2030
Forecast: Government Revenue (TJS bn) 75.846 2030 yearly 1998 - 2030
Government Balance (TJS th) 110,841.100 2016 yearly 2000 - 2016
Government Expenditure (TJS th) 18,294,330.700 2016 yearly 2000 - 2016
Government Revenue (TJS th) 18,405,171.800 2016 yearly 2000 - 2016
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 9.115 2028 yearly 1993 - 2028
Trade Balance (USD mn) -729.1 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports (USD mn) 198.4 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) -40.4 Mar 2023 monthly Jan 2001 - Mar 2023
Aluminum: Exports (USD th) 196,478.278 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 659.048 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 365.259 2024 yearly 1995 - 2024
Total Imports (USD mn) 649.0 Oct 2025 monthly Jan 2000 - Oct 2025
Total Imports Growth (%) 29.9 Mar 2023 monthly Jan 2001 - Mar 2023
Imports: Medicament (USD th) 68,134.452 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 56,590.105 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 0.000 Aug 2025 monthly Jan 2011 - Aug 2025
Total Imports from USA (USD mn) 8.568 Aug 2025 monthly Jan 2001 - Aug 2025
Total Exports to China (USD mn) 27.940 Aug 2025 monthly Aug 1998 - Aug 2025
Total Imports from China (USD mn) 74.204 Aug 2025 monthly Feb 1995 - Aug 2025
Exports: FOB: Value: Non CIS States: Europe (USD th) 479,529.200 Sep 2025 quarterly Mar 2000 - Sep 2025
Exports: FOB: Value: CIS States: Uzbekistan (USD th) 102,248.900 Sep 2025 quarterly Mar 2000 - Sep 2025
Exports: FOB: Value: CIS States: Russia (USD th) 27,563.800 Sep 2025 quarterly Mar 2000 - Sep 2025
Exports: FOB: Value: CIS States (USD th) 167,241.000 Sep 2025 quarterly Mar 2000 - Sep 2025
Exports: FOB: Value: Non CIS States: Asia (USD th) 226,676.800 Sep 2025 quarterly Mar 2000 - Sep 2025
Exports: FOB: Value: Cotton Fibre (USD th) 28,910.270 Sep 2025 quarterly Mar 1998 - Sep 2025
Exports: FOB: Value (USD th) 877,091.000 Sep 2025 quarterly Mar 1998 - Sep 2025
Imports: CIF: Value: CIS States: Uzbekistan (USD th) 122,659.000 Sep 2025 quarterly Mar 2000 - Sep 2025
Imports: CIF: Value: CIS States (USD th) 1,108,112.400 Sep 2025 quarterly Mar 2000 - Sep 2025
Imports: CIF: Value: Flour (USD th) 3,498.326 Sep 2025 quarterly Mar 1998 - Sep 2025
Trade Balance: ytd (USD mn) -890.500 Mar 2023 monthly Jan 2000 - Mar 2023
Total Exports: ytd (USD mn) 344.300 Mar 2023 monthly Jan 2000 - Mar 2023
Total Imports: ytd (USD mn) 1,234.800 Mar 2023 monthly Jan 2000 - Mar 2023
Exports: FOB: Value: Electricity (USD th) 63,819.730 Sep 2024 quarterly Mar 1998 - Sep 2024
Exports: FOB: Value: Primary Aluminium (USD th) 46,368.738 Sep 2024 quarterly Mar 1998 - Sep 2024
Export Volume Index (2015=100) 139.217 2021 yearly 2000 - 2021
Import Volume Index (2015=100) 95.786 2021 yearly 2000 - 2021
Export Value Index (2015=100) 241.365 2021 yearly 1995 - 2021
Import Value Index (2015=100) 122.526 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Current Account Balance (USD mn) -66.8 Dec 2020 quarterly Mar 2010 - Dec 2020
Current Account Balance: % of GDP (%) 15.5 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Direct Investment (USD mn) -39.5 Dec 2020 quarterly Mar 2010 - Dec 2020
Foreign Direct Investment: % of GDP (%) 0.1 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -1.0 Sep 2025 quarterly Mar 2002 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -83.333 Sep 2025 quarterly Mar 2002 - Sep 2025
External Debt (USD mn) 6,579.2 Jun 2025 quarterly Jun 2015 - Jun 2025
External Debt: % of GDP (%) 37.7 2021 yearly 2000 - 2021
External Debt: Short Term (USD mn) 871.2 2024 yearly 1993 - 2024
External Debt: Short Term: % of GDP (%) 6.1 2024 yearly 1993 - 2024
Forecast: Current Account Balance (USD bn) -0.497 2030 yearly 1992 - 2030
Net International Investment Position (USD mn) -1,969.068 Jun 2025 quarterly Mar 2010 - Jun 2025
Balance of Payments: Current Account: GS: Services (USD th) -282,034.867 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Financial Account: Other Investment (OI) (USD th) 132,613.645 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Financial Account: OI: Net Incurrence of Liabilities (USD th) 76,817.263 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Financial Items: Reserve Assets (USD th) 942,400.009 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Current Account: Secondary Income (SI) (USD th) 698,013.201 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Financial Account: Direct Investment (USD th) 3,047.504 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Financial Account: Portfolio Investment (USD th) 83,753.025 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Net Errors and Omissions (USD th) 278,076.161 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Current Account: Primary Income (PI) (USD th) 1,875,164.842 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Current Account: GS: Goods (USD th) -1,523,093.379 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Current Account (USD th) 768,049.797 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Capital Account (USD th) 115,688.124 Sep 2025 quarterly Mar 2010 - Sep 2025
Balance of Payments: Financial Account: OI: Net Acquisition of Financial Assets (USD th) 209,430.908 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Direct Investment: Cyprus (USD mn) 0.522 2023 yearly 2003 - 2023
Foreign Direct Investment: USA (USD mn) 6.981 2023 yearly 2003 - 2023
Foreign Direct Investment: Iran (USD mn) 0.490 2023 yearly 2004 - 2023
Foreign Direct Investment: Russia (USD mn) 41.456 2023 yearly 2003 - 2023
Foreign Direct Investment: United Kingdom (USD mn) 9.728 2023 yearly 2003 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 20.6 Apr 2019 monthly Jan 2000 - Apr 2019
Non-Performing Loans (USD mn) 140.848 Dec 2021 monthly Jan 2000 - Dec 2021
Money Supply M1 (USD mn) 4,555.771 Oct 2025 monthly Dec 2000 - Oct 2025
Money Supply M2 (USD mn) 5,758.780 Oct 2025 monthly Dec 2000 - Oct 2025
M2 Growth (%) 22.4 Oct 2025 monthly Dec 2001 - Oct 2025
Reserve Requirement Ratio (%) 3.0 Jun 2025 quarterly Mar 2008 - Jun 2025
Foreign Exchange Reserves (USD mn) 3,563.4 Sep 2024 monthly Jan 1997 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 26.901 Sep 2024 quarterly Mar 1997 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 6.2 Mar 2023 monthly Jan 2000 - Mar 2023
Gold Reserves (USD mn) 764.270 Sep 2024 monthly Jan 1997 - Sep 2024
Total Deposits (USD mn) 3,415.337 Nov 2025 monthly Jan 2002 - Nov 2025
Total Deposits Growth (%) 35.8 Nov 2025 monthly Jan 2003 - Nov 2025
Domestic Credit (USD mn) 1,429.9 Sep 2024 monthly Dec 2001 - Sep 2024
Domestic Credit Growth (%) 17.2 Sep 2024 monthly Dec 2002 - Sep 2024
Total Loans (USD mn) 2,728.495 Nov 2025 monthly Jan 2000 - Nov 2025
Total Loans Growth (%) 22.41 Nov 2025 monthly Jan 2001 - Nov 2025
Private Debt: % of Nominal GDP (%) 12.30 Sep 2024 quarterly Dec 2001 - Sep 2024
Money Supply: M0 (TJS th) 41,518,816.875 Nov 2025 monthly Dec 2000 - Nov 2025
Money Supply: M3 (TJS th) 54,990,606.624 Nov 2025 monthly Jan 2001 - Nov 2025
Deposits: Individuals (TJS th) 17,979,259.163 Nov 2025 monthly Jan 2002 - Nov 2025
Deposits: Entities (TJS th) 13,735,900.475 Nov 2025 monthly Jan 2002 - Nov 2025
Deposits (TJS th) 31,715,159.639 Nov 2025 monthly Jan 2002 - Nov 2025
Loans (TJS th) 21,838,730.099 Jan 2025 monthly Jan 2000 - Jan 2025

More Indicators for Tajikistan

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo

Try Now

Explore our Data

Unlimited access tailored to your data needs
Request a Demo
Flexible monthly access to CEIC data
Try Now