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CBA Chairman: â€œAzerbaijan has the lowest inflation rate in its historyâ€

CBA Chairman: â€œAzerbaijan has the lowest inflation rate in its historyâ€

10 May 2014 08:52 (UTC +04:00)

Baku. Etibar Mammadov – APA. “A higher macroeconomic stability is observed in the country. The inflation makes 2% - the lowest rate in the history”, said the chairman of the Central Bank of Azerbaijan Elman Rustamov.

Rustamov noted that the CBA also conducts policy on reduction of interest rates: “A message on reduction of interest rates is sent to the markets and sustainable macroeconomic stability and low inflation are forecasted by the year-end. Reduction of the interest rates should be significant for both population and business”.

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