Uzbekistan's central bank keeps policy rate unchanged at 14%

Kitco Media
By Reuters
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Updated:
Reuters
TASHKENT, May 4 (Reuters) - Uzbekistan's central bank kept its main interest rate unchanged at 14.0% on Thursday, it said in a statement, citing decelerating inflation and a strong economic growth outlook. The bank hiked the rate from 14% to 17% last year after Russia invaded Ukraine, destabilising markets across the former Soviet region. It has since gradually brought the rate down to the pre-war level and said on Thursday it would next review its monetary policy on June 15. (Reporting by Mukhammadsharif Mamatkulov; Writing by Olzhas Auyezov; Editing by Alison Williams)

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