BAKU, Azerbaijan, November 1. In the third quarter of this year, the foreign trade balance has hit the jackpot with a surplus of $5.2 billion, playing a pivotal role in the current account of the balance of payments for the first nine months, Trend reports via the Central Bank of Azerbaijan (CBA).
The CBA highlighted that new predictions indicate that the current account surplus will reach $5.3 billion by the end of 2024 and $5.5 billion in 2025.
To note, the CBA has announced its decision regarding the interest rate. The CBA Board has maintained the interest rate at 7.25 percent, with the lower limit of the interest rate corridor at 6.25 percent and the upper limit at 8.25 percent.
The decision to keep the interest rate unchanged was made considering the target inflation rate (4±2 percent) and an analysis of both internal and external conditions.
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