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 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Algeria (% pa) | 2.75 Jan 2026 | monthly | Jan 1963 - Jan 2026 |
| Argentina (%) | 28.57 Jan 2026 | monthly | Jan 1985 - Jan 2026 |
| Armenia (% pa) | 6.50 Jan 2026 | monthly | May 2001 - Jan 2026 |
| Australia (% pa) | 3.60 Jan 2026 | monthly | Aug 1990 - Jan 2026 |
| Austria (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Azerbaijan (% pa) | 6.50 Feb 2026 | monthly | Jan 2005 - Feb 2026 |
| Bahrain (% pa) | 4.50 Jan 2026 | monthly | Jan 2007 - Jan 2026 |
| Bangladesh (% pa) | 10.00 Oct 2025 | monthly | Sep 2009 - Oct 2025 |
| Belarus (% pa) | 9.75 Jan 2026 | monthly | Jul 1991 - Jan 2026 |
| Belgium (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Bolivia (% pa) | 3.34 Jan 2026 | monthly | Jan 2013 - Jan 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 Jan 2026 | monthly | Dec 1992 - Jan 2026 |
| Chile (% pa) | 4.50 Dec 2025 | monthly | May 1995 - Dec 2025 |
| 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 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Czech Republic (% pa) | 2.50 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Denmark (% pa) | 1.60 Jan 2026 | monthly | Aug 1914 - Jan 2026 |
| Ecuador (% pa) | 7.74 Jan 2026 | monthly | Jul 1995 - Jan 2026 |
| Egypt (% pa) | 20.50 Jan 2026 | monthly | Jan 1991 - Jan 2026 |
| Estonia (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| European Union (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Finland (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| France (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Georgia (% pa) | 8.00 Jan 2026 | monthly | Jan 2008 - Jan 2026 |
| Germany (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Ghana (% pa) | 25.00 Nov 2025 | monthly | Nov 2002 - Nov 2025 |
| Greece (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Hong Kong SAR, China (% pa) | 4.00 Jan 2026 | monthly | Jun 1992 - Jan 2026 |
| Hungary (% pa) | 6.50 Jan 2026 | monthly | Oct 1990 - Jan 2026 |
| Iceland (% pa) | 8.00 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| India (% pa) | 5.25 Jan 2026 | monthly | Apr 2001 - Jan 2026 |
| Indonesia (% pa) | 4.75 Jan 2026 | monthly | Jun 2015 - Jan 2026 |
| Ireland (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Israel (% pa) | 4.00 Jan 2026 | monthly | Dec 1998 - Jan 2026 |
| Italy (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 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 Jan 2026 | monthly | Feb 1992 - Jan 2026 |
| Kenya (% pa) | 9.00 Jan 2026 | monthly | Jul 2003 - Jan 2026 |
| South Korea (% pa) | 2.50 Jan 2026 | monthly | May 1999 - Jan 2026 |
| Kosovo (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Kuwait (% pa) | 3.50 Jan 2026 | monthly | Jul 1999 - Jan 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 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Lebanon (% pa) | 20.00 Sep 2025 | monthly | Apr 1964 - Sep 2025 |
| Lithuania (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Luxembourg (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Macau SAR, China (% pa) | 4.00 Jan 2026 | monthly | Dec 1999 - Jan 2026 |
| North Macedonia (% pa) | 4.00 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Malawi (% pa) | 26.00 Jan 2026 | monthly | Jan 1980 - Jan 2026 |
| Malaysia (% pa) | 2.75 Jan 2026 | monthly | Apr 2004 - Jan 2026 |
| Malta (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Mauritius (% pa) | 4.50 Jan 2026 | monthly | Dec 1999 - Jan 2026 |
| Mexico (% pa) | 7.00 Jan 2026 | monthly | Jan 2008 - Jan 2026 |
| Moldova (% pa) | 5.00 Jan 2026 | monthly | Feb 2001 - Jan 2026 |
| Mongolia (% pa) | 12.00 Jan 2026 | monthly | Jul 2007 - Jan 2026 |
| Montenegro (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Morocco (% pa) | 2.25 Jan 2026 | monthly | Jun 1995 - Jan 2026 |
| Myanmar (% pa) | 9.00 2025 | yearly | 1986 - 2025 |
| Nepal (% pa) | 5.75 Dec 2025 | monthly | Jul 2003 - Dec 2025 |
| Netherlands (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| New Zealand (% pa) | 2.25 Nov 2025 | monthly | Mar 1999 - Nov 2025 |
| Nigeria (% pa) | 27.00 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Norway (% pa) | 4.00 Jan 2026 | monthly | Jan 1991 - Jan 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) | 5.75 Jan 2026 | monthly | Jul 2010 - Jan 2026 |
| Peru (% pa) | 4.25 Jan 2026 | monthly | Sep 2003 - Jan 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 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Qatar (% pa) | 4.35 Jan 2026 | monthly | Mar 2003 - Jan 2026 |
| Romania (% pa) | 6.50 Jan 2026 | monthly | Jan 2003 - Jan 2026 |
| Russia (% pa) | 16.00 Jan 2026 | monthly | Sep 2013 - Jan 2026 |
| Saudi Arabia (% pa) | 4.25 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Serbia (% pa) | 5.75 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Singapore (% pa) | 1.05 Nov 2025 | monthly | Jul 2005 - Nov 2025 |
| Slovakia (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Slovenia (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| South Africa (% pa) | 6.75 Jan 2026 | monthly | Nov 1999 - Jan 2026 |
| Spain (% pa) | 2.15 Jan 2026 | monthly | Jan 1999 - Jan 2026 |
| Sri Lanka (% pa) | 7.25 Jan 2026 | monthly | Jan 1997 - Jan 2026 |
| Sweden (% pa) | 1.75 Jan 2026 | monthly | Jan 1987 - Jan 2026 |
| Switzerland (% pa) | -0.05 Jan 2026 | monthly | Jun 1999 - Jan 2026 |
| 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 Jan 2026 | monthly | May 2000 - Jan 2026 |
| Tunisia (% pa) | 7.00 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Turkey (% pa) | 37.00 Jan 2026 | monthly | Jun 1996 - Jan 2026 |
| Ukraine (% pa) | 15.50 Jan 2026 | monthly | Dec 1992 - Jan 2026 |
| United Arab Emirates (% pa) | 3.65 Jan 2026 | monthly | Nov 2007 - Jan 2026 |
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 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 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) | -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) | 0.007 Oct 2025 | monthly | Jan 2011 - Oct 2025 |
| Total Imports from USA (USD mn) | 2.432 Oct 2025 | monthly | Jan 2001 - Oct 2025 |
| Total Exports to China (USD mn) | 37.579 Oct 2025 | monthly | Aug 1998 - Oct 2025 |
| Total Imports from China (USD mn) | 82.984 Oct 2025 | monthly | Feb 1995 - Oct 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: Non CIS States: Europe (USD th) | 479,529.200 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 (USD th) | 877,091.000 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Exports: FOB: Value: Cotton Fibre (USD th) | 28,910.270 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) | -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 |
| Total Exports: ytd (USD mn) | 2,487.900 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Exports: FOB: Value: Primary Aluminium (USD th) | 46,368.738 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Exports: FOB: Value: Electricity (USD th) | 63,819.730 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 |
| 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 (%) | 26.7 Dec 2025 | monthly | Dec 2001 - Dec 2025 |
| 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) | 2,823.317 Dec 2025 | monthly | Jan 2000 - Dec 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) | 42,837,501.768 Dec 2025 | monthly | Dec 2000 - Dec 2025 |
| Money Supply: M3 (TJS th) | 57,846,113.729 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Deposits: Entities (TJS th) | 14,744,423.604 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Deposits: Individuals (TJS th) | 17,979,259.163 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.