Azerbaijan's Central Bank decreases its inflation forecast for current year

Azerbaijan's Central Bank decreases its inflation forecast for current year
  • Clock-gray 14:10
  • calendar-gray 18 September 2020

The Board of the Central Bank of Azerbaijan (CBA) has adjusted its inflation forecast in direction of reducing it, APA-Economics reports CBA.

One of the main reasons for it is deflation in July-August. According to the updated forecasts for September, inflation is expected to be 3-3.2% at the end of 2020, which is lower than the targetted interval. 

Note that in January-August of this year, inflation was 2.9% in Azerbaijan.

Mirsaid İbrahimzade

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