The Central Bank keeps the key rate at 14%, balancing declining inflation against rising food prices and external risks, impacting capital markets and investor outlook.
Uzbekistan's suspension of gold exports since September 2025 led to a nearly 30% drop in exports, shifting trade dynamics and affecting market sentiment in early 2026.
Oil prices surged over 7% after U.S. President Trump's threats against Iran, intensifying geopolitical risks and impacting capital markets.
Uzbekistan's banking sector grew its credit portfolio to 623.3 trillion soms in Q1 2026, but non-performing loans rose by 1.8 trillion soms, mainly in state banks, impacting market risk assessments.
US forces seized an Iranian cargo ship in the Gulf of Oman, prompting Tehran to accuse Washington of ceasefire violations, heightening geopolitical risks impacting energy markets and investor sentiment.