TASHKENT, Uzbekistan, December 11. The Central
Bank of Uzbekistan (CBU) has scheduled its forthcoming Board
meeting for January 28, 2026, to deliberate on the adjustment of
the policy rate, Trend reports via CBU.
In its most recent meeting, the Board of the Central Bank
decided to maintain the policy rate at 14% per annum. The regulator
highlighted that the relatively restrictive monetary conditions
continue to play a pivotal role in the gradual easing of
inflationary pressures and the moderation of inflation
expectations.
However, several risks remain, including robust consumer demand,
supply-side bottlenecks, and escalating prices in the services
sector. By holding the policy rate steady at the current level, the
Central Bank aims to sustain a stable disinflationary trajectory
over the medium term.
Meanwhile, in July 2024, the Central Bank reduced the policy
rate to 13.5%, marking the first cut below 14% in seven years. The
rate was held at this level until March 2025, when it was
subsequently raised back to 14%, where it currently remains.
