Azerbaijani, Kazakh Central Banks Mull Economic Forecasts
Date
6/10/2024 6:10:30 AM
(MENAFN- AzerNews)
Ulviyya Shahin
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The central banks of Kazakhstan and Azerbaijan have discussed
issues of macroeconomic analysis, Azernews reports
citing the Kazakh media.
A delegation of the Central bank of Azerbaijan visited
Kazakhstan as part of technical assistance on macroeconomic
analysis. The relevant divisions of the two Central Banks discussed
the use of short- and medium-term forecasting models, improving
tools for assessing the debt burden and fiscal policy
parameters.
In addition, the parties exchanged experience in analyzing and
forecasting liquidity in the banking system and balance of payments
indicators.
Central banks play a crucial role in managing a country's
monetary policy and financial stability. They monitor economic
indicators, such as inflation, unemployment, and GDP growth, to
make informed decisions regarding interest rates, currency
issuance, and other monetary policies.
This collaboration between the central banks of Kazakhstan and
Azerbaijan reflects a commitment to strengthen their institutional
capacities and foster regional cooperation in the field of
macroeconomic analysis and policy formulation.
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