According to the bank’s forecasts, annual average inflation will make 10.8% in 2016, 4.5% in 2017. USD rate will make AZN 1.46 instead of AZN 1.03 in 2016, AZN 1.31 in 2017.
ING Bank experts say the improvement of monetary policy and increase of confidence will support reduction of dollarization.
Budget deficit will be equal to 10% of GDP.
The government forecasts GDP growth to make 1.8%, annual inflation 10-12% in 2016.