BAKU, Azerbaijan, November 1. The Central Bank of Azerbaijan (CBA) forecasts economic growth in the country at 3.9 percent this year, CBA Governor Taleh Kazimov said during a press conference in Baku today, Trend reports.
"For next year, we forecast growth of 3.3 percent. Growth in the oil sector is expected to be 6.5 percent this year and 5.1 percent next year," he added.
To note, the CBA has decided to keep the refinancing rate unchanged at the level of 7.25 percent.
The upper and lower limits of the interest rate corridor also remained unchanged at 8.25 percent and 6.25 percent, respectively.
On December 18 of this year, the CBA will reveal its next decision about the parameters of the interest rate corridor.
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