17:47 - 13.11.2023

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November 13, Fineko/abc.az. Inclusion in the target range of inflation forecasts for the medium term, that is, for 2-3 years, will further soften monetary conditions.

ABC.AZ reports that Central Bank’s chairman Taleh Kazimov said about this at Milli Majlis plenary session on November 13.

He noted that the decisions on the interest rate corridor will also serve the stability of the exchange rate. The central bank will use mandatory reserves, instruments of permanent opportunities, open market operations to manage liquidity in the sector. In addition, the use of these instruments will mean a decrease in the concentration of liquidity. Achieving the set inflation target in the medium term will depend on coordination between macroeconomic policy institutions.