TASHKENT, Uzbekistan, March 18. The Central
Bank of Uzbekistan (CBU) has scheduled its next Board meeting to
review the key policy rate for April 29, 2026, Trend reports via CBU.
At its previous meeting, the Board decided to keep the policy
rate unchanged at 14% per annum, citing persistent inflationary
risks, elevated inflation expectations, and the need to maintain
tight monetary conditions to bring inflation toward the medium-term
target of 5%.
According to information, inflationary pressures remain linked
to strong consumer demand, rising food prices, and external risks,
including possible increases in global energy and food prices and
higher logistics costs.
In July 2024, the Central Bank made a significant move by
reducing the policy rate to 13.5%, which is the first time it has
dipped below 14% in seven years. The rate held steady at that level
until March 2025, when it was elevated back to 14%, where it
currently resides.
