Bank Of Baku

Central Bank announces average annual inflation forecast for this year

Central Bank announces average annual inflation forecast for this year
# 12 November 2015 11:49 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As at the end of 2015, the inflation will be at single-digit level, APA-Economics reports quoting Central Bank’s Monetary Policy Outlook.  

 

According to outlook, the decline in global commodity market, devaluations in partner countries, as well as dynamic of money supply are the factors that have reducing impact on the inflation: “According to formal forecast, average annual inflation in 2015 will make 4.4%. IMF says the inflation in Azerbaijan will be 10.9 percentage point lower than in CIS countries, 3.4 percentage point than in partner countries”.

 

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