Azerbaijani Central Bank Shares Country's Economic Growth Forecast For 2024-2025
Date
11/1/2024 5:14:07 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 1. The Central Bank
of Azerbaijan (CBA) forecasts economic growth in the country at 3.9
percent this year, CBA Governor Taleh Kazimov said during a press
conference in Baku today, Trend reports.
"For next year, we forecast growth of 3.3 percent. Growth in the
oil sector is expected to be 6.5 percent this year and 5.1 percent
next year," he added.
To note, the CBA has decided to keep the refinancing rate
unchanged at the level of 7.25 percent.
The upper and lower limits of the interest rate corridor also
remained unchanged at 8.25 percent and 6.25 percent,
respectively.
On December 18 of this year, the CBA will reveal its next
decision about the parameters of the interest rate corridor.
MENAFN01112024000187011040ID1108840999
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.