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ING Group Forecasts Stable CBA Interest Rate Until Late 2025
(MENAFN- AzerNews)
Akbar Novruz
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The Dutch financial institution ING Group has forecasted that the Central Bank of Azerbaijan (CBA) will maintain its interest rate at 7.25% until the end of 2025, according to Azernews .
The group further anticipates that this rate will remain steady until mid-2026. However, it expects a gradual increase, with the rate projected to rise to 7.5% in the third quarter of 2026 and 7.75% in the fourth quarter. This is a revision from an earlier forecast, which had projected the rate to reach 7.75% next year.
Currently, the CBA's Board of Directors has decided to leave the interest rate unchanged at 7.25%, with the lower limit of the interest rate corridor at 6.25% and the upper limit at 8.25%.
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