Central Bank of Azerbaijan’s (CBA) prudent monetary policy, large foreign exchange reserves, and managed floating exchange rate regime will continue to support the stability of the manat, this was stated in a report on Azerbaijan by Fitch Solutions, part of the Fitch Group, APA-Economics reports.
The report highlights that the manat’s exchange rate against the US dollar is expected to remain at 1.7 in 2026, with no significant changes anticipated in the near term. The institution believes that in the absence of major external shocks, there is no basis for sharp movements in the exchange rate.
According to the forecast, although inflationary pressures remain high, the overall downward trend in inflation gives the CBA room for cautious monetary easing. This will be one of the key factors supporting exchange-rate stability.
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