Central Bank of Azerbaijan decreases inflation forecast

Central Bank of Azerbaijan decreases inflation forecast
# 01 May 2024 10:18 (UTC +04:00)

Central Bank of Azerbaijan reduced the inflation forecast, said the decision of the CBA on monetary policy, APA-Economics reports.

It was noted that, the upside and downside risks of inflation balance each other. If current conditions remain unchanged, in 2024 and 2025 annual inflation is expected to be within the target band (4±2%) (the April forecast: 3.5% in 2024 and 4.2% in 2025). In April, the inflation forecast for 2024 was revised down.

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