
Central Bank Maintains Key Interest Rate Amid Inflation and External Risks
The Central Bank keeps the key interest rate at 14%, balancing declining inflation trends with rising food prices and external economic risks.

The Central Bank keeps the key interest rate at 14%, balancing declining inflation trends with rising food prices and external economic risks.

In April, the Uzbekistani som appreciated 1.8% against the dollar, driven by export growth and rising remittances, with expectations for continued exchange rate stability.

Uzbekistan's halt on gold exports has caused a nearly 30% drop in exports in early 2026, signaling a strategic shift focused on reserve management amid changing trade dynamics.

Uzbek banks expanded their credit portfolios by 19.3 trillion UZS in Q1 2026, while non-performing loans rose by 1.8 trillion UZS, mainly driven by state-owned banks amid evolving risk challenges.

Moscow court imposes restrictions on suspects in a stock market manipulation case linked to Telegram channels influencing asset prices and generating illicit profits over 28 million rubles.