BAKU, Azerbaijan, November 1. By the time the clock strikes the end of 2024, inflation in Azerbaijan is on track to hit 5.1 percent, with a little bump up to 5.8 percent in 2025, according to the updated October forecasts from the Central Bank of Azerbaijan (CBA), Trend reports via the CBA statement.
The current monetary policy is designed to stabilize inflation expectations and keep inflation within the target range, as stated in the statement. By the end of 2024 and in 2025, according to the existing policy and baseline scenario, annual inflation is expected to stay within the target indicator of 4±2 percent.
Future choices on the interest rate corridor's parameters will be influenced by the changes in both real and predicted inflation, along with internal and external risk factors. To maintain price stability, the CBA will employ all available measures, which include constant monitoring of ongoing economic processes and financial markets.
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