KEY PRIORITY OF MONETARY POLICY IN 2006 WILL BE KEEPING INFLATION WITHIN LIMITS
The National Bank of Azerbaijan (NBA) plans in 2006 to mark ensuring the money base, capable of keeping the consumer inflation within the assigned limit. For the moment, all tools of NBA, particularly, short-term notes, the accounting rate, restriction of the currency interventions are directed to achieving the targeted level of the money base in accordance with which keeping inflation within 5-7% is possible, Trend was told at NBA.
NBA ceased the practice of the essential intervention; for the moment the balance of the currency market is carried out on the account of self-regulation.
Lowering of the Trade Exchange Electronic System (TEES) circulation of the Baku Interbank Currency Exchange is also linked with it. The issue of the TEES volume is related to NBA interventions, but they increase the money base.