The President of Uzbekistan was presented with information on further reducing inflation and ensuring macroeconomic stability

President Shavkat Mirziyoyev was reported on the ongoing work and tasks for 2026 to curb inflation and ensure macroeconomic stability.

It was noted that thanks to consistent work to saturate the domestic market and contain inflation factors, sustainable economic growth is ensured, positive results have been achieved in reducing inflation and strengthening the national currency.

As of November 1, 2025, the annual inflation rate dropped to 7.8 percent versus 10.2 percent a year earlier. In 2026, it is planned to reduce this figure to 7 percent, and in 2027 to keep it within 5 percent.

To achieve these goals, special attention will be paid to stimulating the supply of goods and services in the domestic market. Thus, in 2026, banks will increase funding for projects in the agricultural sector, food industry and services.

The meeting pointed out the importance of taking all necessary measures to ensure stability of prices for main types of food products.

To ensure high growth rates and employment, next year the volume of lending to the economy by commercial banks will reach 450 trillion soums.

The head of state was informed about the progress in implementing instructions to support micro, small and medium-sized businesses. Since the beginning of the year, 116 trillion soums of loans have been provided to business entities, which is 1.4 times more than a year earlier.

As part of the work directly in mahallas, business initiatives of 89 thousand people were supported, who received loans worth 1.1 trillion soums. By the end of the year this figure will reach 100 thousand people.

In 2026, it is planned to consistently continue work to reduce poverty and actively involve the population in entrepreneurship. It is planned to increase the volume of lending to micro, small and medium-sized businesses to 140 trillion soums and support the projects of another 100 thousand people.

In conclusion, the President emphasized that the main task of banking and financial policy should continue to be the creation of a stable financial environment for the population and business, strengthening confidence in the banking system and developing healthy competition in the financial market.

Responsible persons additional instructions were given to curb inflation, support entrepreneurial initiatives and strengthen the country's macroeconomic stability.