Bank Of Baku

National Bank not to change inflation forecasts

National Bank not to change inflation forecasts
# 02 March 2007 15:57 (UTC +04:00)
National Bank of Azerbaijan is not considering its predictions for inflation following the energy price increase.
Deputy Chair of Board of the National Bank, Rufat Aslanli, said the Bank released its forecasts for 2007 and doesn’t intend to make any changes.
“We have regular meetings with the IMF Office in Baku. There is no notable difference between our and their methodology. The energy price increase can push up inflation around 4%,� he noted.
The Government foresees one-figure inflation for this year while IMF insists that the inflation rate will be two-digit. /APA/
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