BAKU, Azerbaijan, April 23. The strengthening of the nominal effective exchange rate in Azerbaijan will have a reducing effect on inflation both this year and next year, the Governor of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press conference on the parameters of the interest rate corridor held today, Trend reports.
He mentioned that the nominal effective exchange rate is projected to have a reducing effect of 2.45 percentage points next year.
To note, the nominal effective exchange rate of the manat in the non-oil and gas sector strengthened by 1.8 percent in March 2025 year on year.
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