12:46 - 10.09.2025

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September 10, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) previously released a statement regarding its key policy rate.

According to ABC.AZ, the statement notes that since the meeting held in July last year, there have been no significant changes in the balance of inflation risks. Global trade developments continue to cause fluctuations in commodity and financial markets.

In this context, import prices are considered the main external inflation risk, influenced by trading partners’ inflation and the dynamics of the nominal effective exchange rate.

Domestically, the primary risk factor that could drive higher inflation is the activation of cost pressures and excessive growth in aggregate demand. The trajectory of aggregate demand through the end of the year will largely depend on government spending.

The CBA expects that by the end of 2025, annual credit growth will be lower than in 2024.

Author: Elmir Murad