TASHKENT, Uzbekistan, April 29. Central Bank of
Uzbekistan has scheduled its next Board meeting on the key policy
rate for June 17, 2026, Trend reports via CBU.
At its previous meeting, the Board decided to leave the
benchmark rate unchanged at 14% per annum, citing persistent
inflationary pressures and the need to maintain tight monetary
conditions to steer inflation toward its medium-term target of
5%.
According to the Central Bank, rising geopolitical tensions are
increasing the risk of higher global oil and food prices. Combined
with growing logistics and transportation costs, these factors
could add further pressure on domestic inflation through more
expensive imports.
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.
