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commitmentThe conceptual draft will be published on the Central Bank's official website for public discussion.Konseptual loyihacommitmentThe main goal is to bring inflation down to the 5 percent target and ensure price stability over the long term.Asosiy maqsadcommitmentBanking system liquidity will be managed and the operational mechanism improved.Pul-kredit siyosatining ustuvor yönalişlaricommitmentThe monetary policy strategy will be developed and the transmission mechanism strengthened.Pul-kredit siyosatining ustuvor yönalişlaricommitmentTight monetary conditions will be maintained until inflation stabilizes.Pul-kredit siyosatining ustuvor yönalişlaripredictionInflation is forecast to reach the 5 percent target in the second half of 2027 and to stabilize at that level in subsequent years.Asosiy makroiqtisodiy prognozlarpredictionEconomic growth is expected to be 7–7.5 percent in 2027 and 6.5–7.5 percent in 2028–2029.Asosiy makroiqtisodiy prognozlarcommitmentMarkaziy bank Boşqaruvi approved the conceptual draft of the main directions of monetary policy for 2027–2029 at its meeting on 4 November 2026.Markaziy bank BoşqaruvipredictionInflation is forecast at around 7 percent at the end of 2026 and at the 5 percent target level at the end of 2027.Markaziy bankstatementPositive real interest rates and the attractiveness of som savings are ensuring tight monetary conditions.Markaziy bankstatementVolatility in food and energy resource prices on world markets is intensifying inflation risks.Markaziy bankstatementHigh domestic demand continues to sustain inflationary pressure.Markaziy bankstatementEconomic growth reached 8.3 percent in January–September 2026.Markaziy bankstatementInflation expectations continue to decline.Markaziy bankstatementAnnual inflation in September was 6.4 percent and core inflation was 5.5 percent.Markaziy bankcommitmentThe Central Bank Board decided at its meeting on 4 November 2026 to keep the policy rate at 14 percent per annum.Markaziy bank BoşqaruvistatementThese indicators show that the loan portfolio in the microfinance sector is expanding rapidly, while the capital base is being strengthened mainly at the expense of organizations' income.centralbankuzbekistanstatementTotal capital grew from 3.0 trillion soum to 4.5 trillion soum, i.e. by 51.2 percent.centralbankuzbekistanstatementLoans, debts and leases payable rose from 5.8 trillion soum to 13.7 trillion soum.centralbankuzbekistanstatementLiabilities rose from 6.9 trillion soum to 17.3 trillion soum (149.1 percent).centralbankuzbekistan
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