Uzbekistan’s central bank on July 27 opted to keep its key rate unchanged at 14%, showing wariness over continuing pressure on prices. Trend indicators showed an increasing influence of the exchange rate factor on the inflation expectations of the population and business, the central bank also noted. The average annual inflation remained above the current inflation rate. By the end of the year, economic growth will amount to 5−6% if the central bank forecast proves correct. The central bank left its end-of-year inflation forecast at 8.5−9%.

Source: Ethiopian News July 28, 2023 12:03 UTC