On December 11, the Central Bank Board decided to maintain the key interest rate unchanged at 14% per annum to ensure the sustainable continuation of inflation reduction and minimize pro-inflationary risks, the regulator’s press service reports.
According to the information, relatively tight monetary conditions contribute to the gradual reduction of inflationary pressures and expectations.
At the same time, certain inflationary risks remain in the economy, which are due to stable aggregate consumer demand, supply factors, as well as high price dynamics in the service sector. The adopted decision is aimed at achieving a trajectory of sustainable inflation reduction in the medium term.
Earlier, it was reported that Uzbekistan wants to increase salaries and pensions faster than inflation.
