Azerbaijan, Baku, 10 Dec / Trend , corr. I.Khalilova / "The National Bank of Azerbaijan (NBA) expects the reduction of inflation to 16-17% as a result of the year", Rashad Orujov, the Director of NBA credit organizations supervision department, said.
According to him, such expectations are based on reduction in world prices of foodstuffs and oil.
"The stabilization of internal factors is observed, which
cause inflation, in particular, the monetary stock growth rates were reduced",
Orujov said. In ten months the monetary stock grew by 24% against 65% within
the analogous period of 2007.
In 2008, took anti-inflation measures, among which were reduction in stock-taking rate from 15 to 8%, the director of department emphasized. For regulating of policy course and reduction of the influence of course of trading partners on the inflation a bi-currency system was introduced.
"Besides this, in the course of the recent months began to be observed
reduction in the import of inflation and in the country- partners it is order
11-12%", Orujov said.