16:20 - 13.10.2023

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October 13, Fineko/abc.az. Although the global economy has been recovering since the beginning of this year, further tight monetary policy on the part of developed countries has increased the risk of slowdown in economic growth.

ABC.AZ reports with reference to the State Oil Fund of Azerbaijan (SOFAZ) that although high returns (11.6%) were recorded in the stock markets of developed regions in the first 9 months of the year, expectations of economic slowdown increased pressure on stock markets.

At that, the fact that inflation rate is still higher than the target rates of the leading central banks, as well as the stability of the labor market that contributes to this, indicate that interest rates may remain at higher levels for a longer period of time than initial expectations.

As for the bond markets, interest rates continued to rise during the current year, which, in turn, negatively affected the value of bonds.