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CBA Chair: Nominal effective exchange rate of the Azerbaijani manat to strengthen by 8.2% in 2025

Taleh Kazimov, the Chairman of the Central Bank of Azerbaijan

© APA | Taleh Kazimov, the Chairman of the Central Bank of Azerbaijan

22 January 2025 11:41 (UTC +04:00)

In 2025, the nominal effective exchange rate of the Azerbaijani manat will strengthen by 8.2%, Taleh Kazimov, the Chairman of the Central Bank of Azerbaijan (CBA), said during a press conference on the parameters of the interest rate corridor, APA-Economics reports.

He noted that the strengthening of the manat would reduce inflation by 2.2 percentage points.

Recall that according to the CBA's forecasts, the updated projections for January 2025 expect the annual inflation rate to be 5.5% in the current year and around 3.8% in 2026.

APA-Economics

Taleh Kazimov CBA Manat Azerbaijan

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