Fitch: Azerbaijan's Central Bank not to lower interest rate in 2023

Fitch: Azerbaijan
# 12 January 2023 17:46 (UTC +04:00)

In 2023 we expect consumer price inflation to slow to 9.5% y-o-y from an estimated annual average of 13.0% in 2022. Given that price pressures are set to remain high, APA-Economics reports citing International Rating Agency.

We do not expect any monetary policy easing in 2023 with the central bank refinancing rate remaining at 8.25%.

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THE OPERATION IS BEING PERFORMED