Uzbekistan's economy unaffected by global price shocks, says Central Bank chief

Uzbekistan's economy remains resilient to immediate external shocks, according to Timur Ishmetov, the chief of the country's Central Bank. He reported that global surges in oil and food prices have not yet directly affected the nation's economic stability.

Ishmetov indicated that the regulator is actively monitoring the situation for any potential second-round effects that could arise from these global price fluctuations. The Central Bank stands ready to implement measures if inflation trends continue to decline or if upside risks materialize, ensuring economic stability.

“

Global oil and food price increases have yet to directly affect Uzbekistan.

This statement suggests a cautious optimism regarding Uzbekistan's economic outlook, highlighting the effectiveness of current policies in insulating the country from immediate global economic pressures. The bank's preparedness to act underscores its commitment to maintaining price stability and managing potential future challenges.

“

The regulator is monitoring possible second-round effects and is ready to act if inflation continues to decline or if upside risks materialize.