Bank Of Baku

Azerbaijan's Central Bank to increase discount rate to 9.25%, Fitch says-EXCLUSIVE

Azerbaijan
# 14 July 2023 17:27 (UTC +04:00)

"Fitch Solutions" international rating agency updated its forecast regarding monetary policy in Azerbaijan in 2023, APA-Economics reports citing the agency.

Fitch Solutions forecasts that the Central Bank of Azerbaijan will increase the refinancing rate to 9.25% in 2023. This is the same as the agency's April forecast.

Fitch Solutions also determined that the exchange rate of the Azerbaijani manat will remain stable in 2023.

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