The main objective of the Central Bank's monetary policy in 2027 will continue to be keeping inflation within the target range, Chairman of the Central Bank Taleh Kazimov said, APA reports.
He made the statement during today's meeting of the Economic Policy, Industry and Entrepreneurship Committee of the Milli Majlis, where the draft law "On the State Budget of the Republic of Azerbaijan for 2027" was discussed.
The CBA Chairman stated that price stability will continue to create a foundation for balanced and sustainable economic growth:
"Next year, monetary policy will continue to be implemented within the framework of the existing regime. Exchange rate stability will remain the main anchor of price stability in 2027. The surplus in the current account of the balance of payments will continue to support equilibrium in the foreign exchange market next year.
In 2027, short-term interest rates in the money market will continue to be used as an auxiliary operational target of monetary policy. Existing instruments will be used adequately and flexibly to ensure that short-term interest rates in the money market remain within the interest rate corridor. Measures to strengthen the interest rate channel of monetary policy transmission will continue.
Attention will continue to be paid next year to implementing monetary policy in coordination with macroprudential policy and other policy areas of the Central Bank. The deepening of the financial sector and strengthening of financial stability will have a positive impact on monetary policy transmission."
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