Advancing and Strengthening Interest Rate Risk Management Practices and Priority Areas in Commercial Banking

This article analyzes the theoretical and practical aspects of improving the practice of interest rate risk management in commercial banks. The volatility of interest rates in global financial markets, inflation processes and macroeconomic uncertainties have a significant impact on banking activities. From this point of view, effective management of interest rate risks is an important factor in ensuring the financial stability of banks. The study examined modern methods of interest rate risk management, including GAP analysis, duration analysis and the possibilities of using derivative financial instruments. Also, the current management system in Uzbek commercial banks was analyzed and practical proposals and recommendations for its improvement were developed. The results of the study are of great importance in developing strategies aimed at strengthening the risk management system in banks, harmonizing assets and liabilities, and minimizing interest rate risks.