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Azerbaijan's Central Bank unveils country's 2021 inflation outlook

Finance Materials 29 January 2021 15:49
Azerbaijan's Central Bank unveils country's 2021 inflation outlook

BAKU, Azerbaijan, Jan.29

By Zeyni Jafarov – Trend:

The Central Bank of Azerbaijan (CBA) forecasts the inflation rate in Azerbaijan at 4 percent in 2021, the CBA Chairman Elman Rustamov said, Trend reports.

Rustamov made the speech at a press conference.

This forecast is based on a recovery in consumption demand and fiscal stimulus measures in the country, the chairman added.

The Board of the Central Bank of Azerbaijan has made a decision to leave the discount rate at 6.25 percent starting from Jan.29.

The next review will take place on March 19, 2020.

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