Azerbaijan's central bank lowers 2025 oil price forecast to $70 per barrel

Azerbaijan's central bank said on Wednesday that the average price of oil is now seen at $70 per barrel in 2025, down from the previous estimate of $77 per barrel.

Earlier, the central bank kept its key refinancing rate at 7.25% and revised its 2025 inflation forecast to 5.3% from 5.5%.

N.Tebrizli