Tajikistan’s central bank has lowered its policy rate by 50 bps to 7.75%, citing reduced inflation and a stronger currency. The Eurasian Development Bank expects this decision will help keep inflation within the target range, and expects a gradual decline in inflation this year. Meanwhile, the share of monetary gold in Tajikistan’s international reserves has risen to 20%, which the central bank says exceeds acceptable levels, meaning it now plans for greater diversification and improved reserve management.