Azerbaijan, Kyrgyzstan and Armenia raise rates
Inflation remains high across region, though falling in these three countries
Central banks in three former Soviet republics have increased their policy rates since January 28.
The Kyrgyz central bank raised its discount rate by 50 basis points on January 31, to 8.5%. The move followed four rate increases in 2021, totalling 300bp.
The National Bank of the Kyrgyz Republic said year-on-year inflation was 11.1% in January, and prices rose 0.9% in the first three weeks of the year. Though inflation has been declining in the central Asian country – the central bank put it at
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