Central Bank of Uzbekistan holds rate at 13.5%
Published
Decision announced on October 31
According to the regulator’s website, the Central Bank of Uzbekistan decided to keep the key rate at 13.5% on Thursday, October 31.
Central Bank data showed that overall annual inflation stood at 10.5% in September, unchanged over the last quarter.
Core inflation reached 7.1% year-on-year, driven by strong consumer demand, higher prices for certain food items, and other factors.
A recent survey indicated inflation expectations of 13.3% among the public and 12.6% among business owners.
The Central Bank also addressed economic growth, forecasting GDP to rise by 6.0–6.5% this year.
Uzbekistan’s real GDP grew by 6.6% in the first nine months.
