Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Tashkent, March 18 /Xinhua/ — The Central Bank of Uzbekistan (CB) kept the key interest rate at 14 percent per annum, the CB said on Wednesday.
The financial regulator noted that a certain acceleration of inflationary processes has been observed in the economy since the beginning of 2026. Core inflation in February reached 6.3 percent year-on-year, while the overall inflation rate was 7.3 percent.
The Central Bank's statement emphasized that economic activity in the country remains high amid robust domestic demand.
"This period saw a significant increase in producer prices. Given high demand, this increases the likelihood of producer costs being passed on to final prices and subsequently reflected in consumer prices," the report states.
The Central Bank also noted that increased geopolitical tensions in foreign economic conditions create upward risks for prices.
The regulator believes it is necessary to maintain a tight monetary policy to contain inflation. If additional risks arise, the rate may be raised.
The Central Bank stated that monetary policy remains aimed at reducing inflation to the target level of 5 percent in the medium term, ensuring macroeconomic stability, and preserving the purchasing power of the population.
The next meeting on the base rate is scheduled for April 29. –0–
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