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Central Bank of Azerbaijan reveals inflation outlook for 2021

Economy Materials 29 October 2021 11:41 (UTC +04:00)

BAKU, Azerbaijan, Oct. 29

By Sadraddin Aghajyev - Trend:

Inflation in Azerbaijan is expected to average 6.2-6.5 percent by the end of 2021, Elman Rustamov, Chairman of the Board of the Central Bank of Azerbaijan (CBA), said at a press conference, Trend reports.

"Next year, the average inflation is projected at 5.6 percent," he added.

The CBA board has decided to increase the discount rate by 0.5 percentage points - from 6.5 to 7 percent.

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