Azeri central bank cuts inflation forecast to 4.4 pct in 2015

18:00 | 12.11.2015
Azeri central bank cuts inflation forecast to 4.4 pct in 2015

Azeri central bank cuts inflation forecast to 4.4 pct in 2015

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

The bank said on Thursday 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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