Bank Of Baku

ADB sharply reduces inflation forecast for Azerbaijan

ADB sharply reduces inflation forecast for Azerbaijan
# 25 September 2024 09:12 (UTC +04:00)

Asian Development Bank (ADB) sharply reduced the inflation forecast of Azerbaijan, APA-Economics reports citing September issue of the Bank's "Development Prospects of Asia".

ADB reduced its forecast for the average annual inflation rate in Azerbaijan from 5.5% to 2.1% for 2024, and from 6.5% to 3.8% for 2025. This is 3.4% and 2.7% less than the Bank's April forecast, respectively.

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