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:
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 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Algeria (% pa) | 2.75 Feb 2026 | monthly | Jan 1963 - Feb 2026 |
| Argentina (%) | 28.28 Feb 2026 | monthly | Jan 1985 - Feb 2026 |
| Armenia (% pa) | 6.50 Feb 2026 | monthly | May 2001 - Feb 2026 |
| Australia (% pa) | 3.85 Feb 2026 | monthly | Aug 1990 - Feb 2026 |
| Austria (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Azerbaijan (% pa) | 6.50 Feb 2026 | monthly | Jan 2005 - Feb 2026 |
| Bahrain (% pa) | 4.50 Feb 2026 | monthly | Jan 2007 - Feb 2026 |
| Bangladesh (% pa) | 10.00 Jan 2026 | monthly | Sep 2009 - Jan 2026 |
| Belarus (% pa) | 9.75 Feb 2026 | monthly | Jul 1991 - Feb 2026 |
| Belgium (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Bolivia (% pa) | 3.41 Feb 2026 | monthly | Jan 2013 - Feb 2026 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 15.00 Jan 2026 | monthly | Mar 1999 - Jan 2026 |
| Bulgaria (% pa) | 1.81 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Canada (% pa) | 2.25 Feb 2026 | monthly | Dec 1992 - Feb 2026 |
| Chile (% pa) | 4.50 Feb 2026 | monthly | May 1995 - Feb 2026 |
| China (% pa) | 1.40 Nov 2025 | monthly | May 2012 - Nov 2025 |
| Colombia (% pa) | 10.25 Feb 2026 | monthly | Apr 1995 - Feb 2026 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Czech Republic (% pa) | 2.50 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Denmark (% pa) | 1.60 Feb 2026 | monthly | Aug 1914 - Feb 2026 |
| Ecuador (% pa) | 7.54 Feb 2026 | monthly | Jul 1995 - Feb 2026 |
| Egypt (% pa) | 19.50 Feb 2026 | monthly | Jan 1991 - Feb 2026 |
| Estonia (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| European Union (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Finland (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| France (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Georgia (% pa) | 8.00 Feb 2026 | monthly | Jan 2008 - Feb 2026 |
| Germany (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Ghana (% pa) | 25.00 Nov 2025 | monthly | Nov 2002 - Nov 2025 |
| Greece (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Hong Kong SAR, China (% pa) | 4.00 Feb 2026 | monthly | Jun 1992 - Feb 2026 |
| Hungary (% pa) | 6.25 Feb 2026 | monthly | Oct 1990 - Feb 2026 |
| Iceland (% pa) | 8.00 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| India (% pa) | 5.25 Feb 2026 | monthly | Apr 2001 - Feb 2026 |
| Indonesia (% pa) | 4.75 Feb 2026 | monthly | Jun 2015 - Feb 2026 |
| Ireland (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Israel (% pa) | 4.00 Feb 2026 | monthly | Dec 1998 - Feb 2026 |
| Italy (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| 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 Jan 2026 | monthly | Dec 1965 - Jan 2026 |
| Kazakhstan (% pa) | 18.00 Feb 2026 | monthly | Feb 1992 - Feb 2026 |
| Kenya (% pa) | 8.75 Feb 2026 | monthly | Jul 2003 - Feb 2026 |
| South Korea (% pa) | 2.50 Feb 2026 | monthly | May 1999 - Feb 2026 |
| Kosovo (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Kuwait (% pa) | 3.50 Feb 2026 | monthly | Jul 1999 - Feb 2026 |
| Kyrgyzstan (% pa) | 11.00 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Laos (% pa) | 8.50 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| Latvia (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Lebanon (% pa) | 20.00 Sep 2025 | monthly | Apr 1964 - Sep 2025 |
| Lithuania (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Luxembourg (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Macau SAR, China (% pa) | 4.00 Feb 2026 | monthly | Dec 1999 - Feb 2026 |
| North Macedonia (% pa) | 4.00 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Malawi (% pa) | 26.00 Feb 2026 | monthly | Jan 1980 - Feb 2026 |
| Malaysia (% pa) | 2.75 Feb 2026 | monthly | Apr 2004 - Feb 2026 |
| Malta (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Mauritius (% pa) | 4.50 Feb 2026 | monthly | Dec 1999 - Feb 2026 |
| Mexico (% pa) | 7.00 Feb 2026 | monthly | Jan 2008 - Feb 2026 |
| Moldova (% pa) | 5.00 Feb 2026 | monthly | Feb 2001 - Feb 2026 |
| Mongolia (% pa) | 12.00 Feb 2026 | monthly | Jul 2007 - Feb 2026 |
| Montenegro (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Morocco (% pa) | 2.25 Feb 2026 | monthly | Jun 1995 - Feb 2026 |
| Myanmar (% pa) | 9.00 2025 | yearly | 1986 - 2025 |
| Nepal (% pa) | 5.75 Dec 2025 | monthly | Jul 2003 - Dec 2025 |
| Netherlands (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| New Zealand (% pa) | 2.25 Nov 2025 | monthly | Mar 1999 - Nov 2025 |
| Nigeria (% pa) | 26.50 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Norway (% pa) | 4.00 Feb 2026 | monthly | Jan 1991 - Feb 2026 |
| Oman (% pa) | 4.25 Feb 2026 | monthly | May 2007 - Feb 2026 |
| Pakistan (% pa) | 11.50 Jan 2026 | monthly | Feb 1992 - Jan 2026 |
| Paraguay (% pa) | 5.50 Feb 2026 | monthly | Jul 2010 - Feb 2026 |
| Peru (% pa) | 4.25 Feb 2026 | monthly | Sep 2003 - Feb 2026 |
| Philippines (% pa) | 5.25 Nov 2025 | monthly | Jun 2016 - Nov 2025 |
| Poland (% pa) | 4.00 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| Portugal (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Qatar (% pa) | 4.35 Feb 2026 | monthly | Mar 2003 - Feb 2026 |
| Romania (% pa) | 6.50 Feb 2026 | monthly | Jan 2003 - Feb 2026 |
| Russia (% pa) | 15.50 Feb 2026 | monthly | Sep 2013 - Feb 2026 |
| Saudi Arabia (% pa) | 4.25 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Serbia (% pa) | 5.75 Feb 2026 | monthly | Jan 2001 - Feb 2026 |
| Singapore (% pa) | 1.05 Nov 2025 | monthly | Jul 2005 - Nov 2025 |
| Slovakia (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Slovenia (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| South Africa (% pa) | 6.75 Feb 2026 | monthly | Nov 1999 - Feb 2026 |
| Spain (% pa) | 2.15 Feb 2026 | monthly | Jan 1999 - Feb 2026 |
| Sri Lanka (% pa) | 7.25 Feb 2026 | monthly | Jan 1997 - Feb 2026 |
| Sweden (% pa) | 1.75 Feb 2026 | monthly | Jan 1987 - Feb 2026 |
| Switzerland (% pa) | -0.08 Feb 2026 | monthly | Jun 1999 - Feb 2026 |
| Syria (% pa) | 5.00 Jan 2026 | monthly | Jan 1962 - Jan 2026 |
| 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) | 1.00 Feb 2026 | monthly | May 2000 - Feb 2026 |
| Tunisia (% pa) | 7.00 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Turkey (% pa) | 37.00 Feb 2026 | monthly | Jun 1996 - Feb 2026 |
| Ukraine (% pa) | 15.00 Feb 2026 | monthly | Dec 1992 - Feb 2026 |
| United Arab Emirates (% pa) | 3.65 Feb 2026 | monthly | Nov 2007 - Feb 2026 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doTajikistan 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 Revenue (TJS th) | 18,405,171.800 2016 | yearly | 2000 - 2016 |
| Government Expenditure (TJS th) | 18,294,330.700 2016 | yearly | 2000 - 2016 |
| Government Balance (TJS th) | 110,841.100 2016 | yearly | 2000 - 2016 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 9.115 2028 | yearly | 1993 - 2028 |
| Trade Balance (USD mn) | -5,817.3 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Exports (USD mn) | 2,487.9 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Exports Growth (%) | 27.8 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| 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) | 8,305.2 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Imports Growth (%) | 18.5 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| 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) | 0.001 Nov 2025 | monthly | Jan 2011 - Nov 2025 |
| Total Imports from USA (USD mn) | 7.838 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| Total Exports to China (USD mn) | 59.003 Nov 2025 | monthly | Aug 1998 - Nov 2025 |
| Total Imports from China (USD mn) | 84.212 Nov 2025 | monthly | Feb 1995 - Nov 2025 |
| Exports: FOB: Value: CIS States: Uzbekistan (USD th) | 102,248.900 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: CIS States: Russia (USD th) | 27,563.800 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: Non CIS States: Europe (USD th) | 479,529.200 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Exports: FOB: Value: Primary Aluminium (USD th) | 45,385.609 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Exports: FOB: Value: Electricity (USD th) | 69,860.570 Sep 2025 | quarterly | Mar 1998 - 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 (USD th) | 1,108,112.400 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Imports: CIF: Value: Non CIS States: Europe (USD th) | 112,708.300 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Imports: CIF: Value: CIS States: Russia (USD th) | 584,418.100 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Imports: CIF: Value: Non CIS States: Asia (USD th) | 964,637.200 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Imports: CIF: Value: CIS States: Uzbekistan (USD th) | 122,659.000 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Imports: CIF: Value: Wheat (USD th) | 72,381.479 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Imports: CIF: Value (USD th) | 1,618,401.500 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Imports: CIF: Value: Flour (USD th) | 3,498.326 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Imports: CIF: Value: Alumina (USD th) | 49,822.747 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Imports: CIF: Value: Natural Gas (USD th) | 0.000 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Imports: CIF: Value: Petroleum Products (USD th) | 247,611.181 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Total Exports: ytd (USD mn) | 2,487.900 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Trade Balance: ytd (USD mn) | -5,817.300 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Imports: ytd (USD mn) | 8,305.200 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Import Volume Index (2015=100) | 95.786 2021 | yearly | 2000 - 2021 |
| Export Volume Index (2015=100) | 139.217 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 |
| 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) | 6,162.756 Jan 2026 | monthly | Dec 2000 - Jan 2026 |
| M2 Growth (%) | 30.4 Jan 2026 | monthly | Dec 2001 - Jan 2026 |
| Reserve Requirement Ratio (%) | 3.0 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Foreign Exchange Reserves (USD mn) | 4,051.0 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 22.510 Dec 2025 | quarterly | Mar 1997 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 0.5 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Gold Reserves (USD mn) | 2,085.201 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Total Deposits (USD mn) | 3,663.834 Dec 2025 | monthly | Jan 2002 - Dec 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) | 2,831.933 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Total Loans Growth (%) | 22.04 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Private Debt: % of Nominal GDP (%) | 12.30 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| Money Supply: M0 (TJS th) | 42,575,395.110 Jan 2026 | monthly | Dec 2000 - Jan 2026 |
| Money Supply: M3 (TJS th) | 57,792,474.548 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Deposits: Individuals (TJS th) | 17,979,259.163 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Deposits: Entities (TJS th) | 14,744,423.604 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Deposits (TJS th) | 31,715,159.639 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Loans (TJS th) | 26,633,461.798 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
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