Azerbaijan's Central Bank cuts 2015 inflation forecast to 4.4%

14:00 | 17.11.2015
Azerbaijan's Central Bank cuts 2015 inflation forecast to 4.4%

Azerbaijan's Central Bank cuts 2015 inflation forecast to 4.4%

Azerbaijan's Central Bank has cut its annual inflation forecast to 4.4 percent for this year from 5-7 percent.

The bank said that consumer prices rose to 4.1 percent in January-September 2015, up from 1.8 percent in the same period last year.

"Single-digit annual inflation forecast proves adequacy of the central bank's monetary and exchange policy," the bank said in its monthly review.
 

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