Asian Development Bank predicts the further tightening of the Central Bank of Azerbaijan of Monetary Policy During the first 6 months of this year, it is said on the Bank’s website.
“Azerbaijan Central Bank until the mid-2022 amplification of inflation pressure is most likely to maintain an accounting rate or increase it. If inflation is 2-6% in the corridor, then the CBA can go to mitigate monetary policies,” In the information of the Asian Development Bank.
According to forecasts of bank experts, high oil prices will ensure the stability of the course of Azerbaijani manat. At the same time, they believe that the Central Bank of Azerbaijan will continue the liquidity sterilization policy in the local currency by issuing notes, and will also monitor the volume of foreign resources in circulation.