The Central Bank of Azerbaijan (CBA) has reduced the inflation forecast as of the end of this year, the CBA told ONA.
Taking into consideration the latest trends, the Central Bank has made reductive corrections in the inflation forecast as of the end of this year. The updated forecasts show that the inflation rate will range between 2.8-3% by the end of 2019. In the case of the continuation of the existing macroeconomic trends, no significant changes are expected in inflation dynamics during 2020 as well.
Note that on December 25, the CBA stated that the target inflation range as of the end of 2019 would develop at the level close to the average figure of (4±2%) interval.