Central Bank of Uzbekistan Keeps Main Policy Rate at 14%

Tashkent, Uzbekistan (UzDaily.uz) — The Board of the Central Bank of Uzbekistan decided at a meeting on 29 July 2026 to keep the main policy rate unchanged at 14% per annum.

According to the regulator, annual inflation stood at 6.4% in June, while core inflation remained at 5.7%.

The Central Bank also reaffirmed its previously published macroeconomic forecasts. It estimates that annual inflation will reach around 6.5% by the end of 2026, with economic growth expected in the range of 7.5% to 8%.

The regulator explained that the short-term acceleration in headline inflation in June was driven by increases in energy and coal prices.

The Central Bank emphasized that monetary policy will remain focused on reducing inflation to the target level of 5%, maintaining macroeconomic stability, and preserving the purchasing power of the population.

The next meeting of the Central Bank's Board to review the main policy rate is scheduled for 16 September 2026.