The Trading Economics (TE) international economic statistics portal has made some changes to its forecast regarding the Central Bank of Azerbaijan's (CBA) interest rate, APA-Economics reports.
The portal now expects the CBA to keep the interest rate unchanged in the first quarter decision of 2025, while in the second quarter to decrease to 6.75%.
However, based on global macro models and analysts' expectations, Trading Economics has lowered its forecast for the third quarter from 6.5% to 6.25% and increased its forecast for the fourth quarter from 5% to 5.5%. This is respectively 0.25% less and 0.5% more than previous predictions.
Note that earlier Fitch Solutions predicted that the CBA would lower the interest rate to 6.75%. On the other hand, the Dutch financial corporation "ING Group" believes that the Central Bank will raise the interest rate from 7.25% to 7.50%.
Recal that since May of last year, the CBA has kept the interest rate stable at 7.25%. The Central Bank will announce its next decision on the interest rate on March 12 this year.
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