Uzbekistan’s Central Bank Keeps Key Rate at 13.5%
Published
The decision was made on December 12
The Central Bank of Uzbekistan decided on December 12 to keep the key interest rate unchanged at 13.5%, the regulator announced.
“By the end of the year, overall inflation is expected to stay near the upper limit of the forecast range,” the Central Bank said.
Annual inflation slowed to 10% in November, helped by stable food prices. However, risks of price increases remain for services and non-food goods. Inflation expectations have risen, with the public anticipating 13.7% and businesses expecting 12.7%.
Central Bank experts predict the economy will grow by 6–6.5% by the end of the year.
