Central Bank of Uzbekistan Deputy Chairman Nodirbek Achilov said the regulator is keeping its target of lowering inflation to 5% no later than the end of 2027 and does not plan to revise the timeline.
Speaking at a press conference on November 4, Central Bank of Uzbekistan Deputy Chairman Nodirbek Achilov said revising the target date is not on the agenda in the monetary policy guidelines approved by the board. The regulator maintains its goal of bringing inflation down to 5% no later than the end of 2027.
Achilov noted that the board could review the timeline at future meetings, taking into account economic trends that developed this year. The deputy chairman also highlighted the positive impact of fiscal policy on inflation, including narrowing the budget deficit and achieving a surplus this year.