How Is City of Baku Preparing for New Year Holiday?
Economics
-
The Central Bank of Azerbaijan (CBA) recently announced a reduction in the discount rate from 7.75 to 7.25 percent, citing considerations of actual versus projected inflation, stabilization of inflation expectations, and changes in risk balance. Despite these efforts, interest rates on loans in Azerbaijan have remained stubbornly high, prompting scrutiny into the factors contributing to this discrepancy.
-
The Central Bank of Azerbaijan (CBA) held a currency auction on Thursday, which facilitated the sale of 94.6 million dollars to banks, fully satisfying the banks' request for this amount. This figure represents an increase of 1.72% compared to the previous auction, held on March 19, at which banks purchased $93 million.
-
In a recent development, the Central Bank of Azerbaijan decided to reduce the discount rate, prompting analysis from deputy economist Vyugar Bayramov. Notably, Bayramov highlighted two significant aspects of this decision: the maintenance of the lower limit of the interest rate corridor and the announcement of continued reforms aimed at influencing interest rates on deposits and loans.
-
The Central Bank of Azerbaijan (CBA) has reaffirmed its inflation forecast for 2024, maintaining a projection of 5.3% for the year. This announcement comes against the backdrop of ongoing economic analysis and a comprehensive assessment of both domestic and global factors influencing inflationary pressures.
Leave a review