Uzbekistan Exchange Rate (UZS per EUR, aop)

Inflation was stable at 12.2% in February, remaining well above the Central Bank’s 5.0% target. As core inflation kept rising in January, the Bank left interest rates unchanged at 15.00% on 26 January. In 2023, inflation should ease on weaker external price pressures. Nevertheless, commodity price swings, currency volatility and bad weather denting harvests are risks.