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Central Bank of Uzbekistan forecasts GDP growth

Uzbekistan Materials 14 February 2022 12:54 (UTC +04:00)
Central Bank of Uzbekistan forecasts GDP growth

BAKU, Azerbaijan, Feb.14

By Natavan Rzayeva - Trend:

According to the forecasts of the Uzbek Central bank, real GDP growth in 2022 is expected to be at the level of 5.5-6.5 percent, the press service of the Uzbek bank told Trend.

“Based on statistics for the fourth quarter of 2021, the Central Bank has revised its medium-term macroeconomic development forecasts,” the press service said.

According to the press service, at the meeting of the Board of the Central Bank, held on January 20, 2022, it was decided to keep the main rate unchanged at the level of 14 percent per annum in order to achieve inflation forecasts this year against the backdrop of high economic growth, as well as to maintaining monetary conditions that help reduce price increases and encourage savings.

“According to the basic scenario of macroeconomic development, the Central Bank envisages maintaining moderately tight monetary conditions this year,” the press service noted.

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