Central Bank postpones meeting on base rate review

On Wednesday, the Central Bank of Uzbekistan decided to postpone the board meeting on the review of the main rate by one week - from April 27 to May 4, the regulator's press service reported.

The decision was made taking into account the current macroeconomic situation and expectations.

"Additional time is required to update forecasts, comprehensive analysis of changes in internal and external economic conditions, and formation of necessary conclusions," the report says.

Last year, the regulator twice adjourned the meeting to review the key rate. In March, after the Russian military invaded the territory of Ukraine, the Central Bank postponed it for a week, taking into account the "danger of the external economic situation".

In October, the meeting was postponed due to the expectation of updated macroeconomic indicators of international organizations.