Uzbekistan's central bank has explained why it left its key rate unchanged at 14 percent even as inflation falls.
Uzbekistan's central bank has explained why it left its key rate unchanged at 14 percent even as inflation falls.
The bank says it is watching second-round effects from tariff rises and inflation expectations, and Deputy Chairman Nodirbek Ochilov said the board also discussed cutting to 13.5 percent before deciding to stay tight.
Why it matters: for Uzbek households and businesses, the message is that cheaper borrowing waits. The bank would rather be sure inflation is beaten than cut early and watch prices climb again.
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