Central Bank of Azerbaijan reveals forecast for inflation in country
BAKU, Azerbaijan. Oct. 30
By Zeyni Jafarov - Trend:
The Central Bank of Azerbaijan (CBA) forecast inflation in Azerbaijan to be at the level of 2.8-3 percent by the end of 2020, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said, Trend reports.
According to the inflation forecasts updated in October, in 2020 in Azerbaijan it is forecast in the range of 2.8-3 percent, and in 2021 - at the level of 3.6-4 percent, Rustamov said.
The Board of the CBA made a decision to leave the discount rate at 6.5 percent from today, the next consideration will be held on December 18, 2020.