Today, on March 18, the Central Bank of Uzbekistan kept the base rate unchanged at 14 percent.
It is reported that a certain acceleration in inflationary processes has been observed since the beginning of 2026. In particular, in February, core inflation amounted to 6.3 percent on an annual basis, while overall inflation remained at 7.3 percent.
The rise in food prices is causing inflationary expectations to remain high. At the same time, high demand is maintained in the economy, and growth is supported by the activity of trade turnover, the real estate market, and budget expenditures.
The Central Bank emphasized that the increase in producer prices may also affect consumer prices in the future. Also, geopolitical tensions in global markets and a possible increase in energy and food prices could create additional inflationary pressure.
At the same time, the preservation of export revenues, remittances, and the gold price at a high level is having a positive impact on the stability of the national currency.
For reference, the next meeting to review the base rate is scheduled for April 29, 2026.
