“There is optimism in the expectations of economic growth.”
APA reports that this was stated by Taleh Kazimov, President of the Central Bank (CBA), during the discussion of the draft law “On the state budget of the Republic of Azerbaijan for 2025” at today’s meeting of the Committee on Economic Policy, Industry and Entrepreneurship. of the Milli Majlis.
He said that the economic growth forecasts of most of our country’s trading partners have increased by the end of the year.
“Our analyzes show that 12-month inflation indicators were also affected by our anti-inflationary measures. The Central Bank’s inflation forecast for the end of 2024 is 5.1%. In July, this indicator was 5.4% Taking into account the reduction of inflationary pressures, the CBA also made monetary policy more flexible in quantitative terms. The CBA has drastically reduced the volume of operations of the Central Bank of sterilization of the financial markets. achieve stable activity in 2024, taking into account the availability of financing for the population and entrepreneurs. According to forecasts, inflation in 2025 is expected to be 5.8 percent.
