Azerbaijan holds key policy rate
Inflation still significantly below target levels
The Central Bank of Azerbaijan has held its key interest rate at 7.25%.
Inflation in the country remains at 1.1%, below the bank’s target range of between 2% and 6%.
The bank said it expected inflation to reach 5.4% this year and 5.5% in 2025 if the current economic conditions remain unchanged.
It added that the falling prices observed earlier this year had stopped, and the prices of some products had started to rise.
The bank said the main external risk of Azerbaijan not meeting its inflation
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