Deceleration of real income growth in Azerbaijan to reduce inflationary pressures, EBRD says

Deceleration of real income growth in Azerbaijan to reduce inflationary pressures, EBRD says
# 16 May 2023 09:50 (UTC +04:00)

Inflation has been gradually slowing down but remained high, at 13.8 per cent year-on-year, in March 2023, APA reports citing the report released by the European Bank for Reconstruction and Development (EBRD).

EBRD noted that the Central Bank of Azerbaijan continued to raise the policy interest rate, the latest rise bringing it to 8.75 per cent in March 2023.

"The recent sharp deceleration of real income growth should reduce inflationary pressures," it added.

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