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National Bank of Azerbaijan foresees inflation rate at 5-6% this year

National Bank of Azerbaijan foresees inflation rate at 5-6% this year

27 February 2009 12:39 (UTC +04:00)

He noted that inflation is predicted to be 5-6% this year.
In his words, the inflation rate, after that, will be determined by economic activity in the country. Depending on economic activity, the increase of demand is a very important factor in the anti-crisis policy. Therefore, strengthening the channels of the demand will prevent a significant fall in inflation, he noted.
â€œAt present the annual inflation rate is 12% in the country and I believe that inflation will slow down.

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