Uzbekistan Central Bank keeps interest rate at 14%

Uzbekistan’s Central Bank has decided to keep its key interest rate at 14%, according to upl.uz, in a statement released on June 12, 2025.

The decision aims to ensure macroeconomic stability amid continued inflationary pressure.

While the country’s economy shows steady growth, this has also contributed to rising inflation, particularly core inflation, which excludes food and energy. Despite a slight drop in overall inflation in May, it remains above forecasts.

The regulator stated that maintaining the current rate ensures strict monetary conditions, helping to prevent price spikes and foster sustainable inflation decline.

The 14% rate also supports moderate credit activity and encourages growth in deposits, preserving public trust in the banking sector.

Since 2020, the Central Bank has used digital technologies and big data tools to monitor inflation trends in real time, allowing quicker response to economic changes. Read 'Zamin' on Telegram!