Fitch Solutions (FS) forecasts Azerbaijan’s annual inflation to stay below 5% over the next decade.
The country's average inflation over the past ten years was 5.5%. While high food prices and the Russia-Ukraine war continue to exert pressure, inflation is expected to ease gradually.
FS projects inflation at 4% in 2025, rising to 4.7% by 2027, then slowing to 2.7% in 2029 and 0.1% by 2034. The exchange rate is expected to remain stable, supported by steady oil and gas revenues.
The Central Bank of Azerbaijan (CBA) targets inflation at 4±2% and relies on exchange rate control for price stability. Unlike the sharp devaluation in 2015, CBA is now in a stronger position, though high dollarization (48.4% of deposits in foreign currency) limits monetary policy effectiveness.
A four-year plan aims for inflation targeting by 2026, potentially increasing exchange rate flexibility.
Nvidia’s (NVDA.O) H20 chips present security risks for China, according to a social media account linked to Chinese state media, which made the clai...
On 10 August, President of Ukraine Volodymyr Zelenskyy held a telephone conversation with President of the Republic of Azerbaijan Ilham Aliyev....
A bus and a truck collided in Brazil’s central-western state of Mato Grosso late Friday, leaving 11 people dead and 45 others injured, according to ...
Kazakh President Kassym-Jomart Tokayev and Ukrainian President Volodymyr Zelenskyy held a telephone conversation....
Armenia’s Deputy Foreign Minister Vahan Kostanyan has described the joint peace declaration signed with Azerbaijan in Washington as “historic” a...
On 10 August, President of Ukraine Volodymyr Zelenskyy held a telephone conversation with President of the Republic of Azerbaijan Ilham Aliyev.
Armenia’s Deputy Foreign Minister Vahan Kostanyan has described the joint peace declaration signed with Azerbaijan in Washington as “historic” and an opportunity to advance normalisation with Türkiye.
President Ilham Aliyev’s working visit to the United States featured high-level talks, landmark agreements, and a historic peace signing, marking a turning point in Azerbaijan’s relations with Washington and the wider South Caucasus.
Azerbaijani President Ilham Aliyev and Turkish President Recep Tayyip Erdoğan spoke on 9 August, praising regional peace steps, new gas exports to Syria, and deepening bilateral ties.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
On 10 August, President of Ukraine Volodymyr Zelenskyy held a telephone conversation with President of the Republic of Azerbaijan Ilham Aliyev.
Armenia’s Deputy Foreign Minister Vahan Kostanyan has described the joint peace declaration signed with Azerbaijan in Washington as “historic” and an opportunity to advance normalisation with Türkiye.
More than 100,000 people filled the streets of Tel Aviv on Saturday night to oppose Prime Minister Benjamin Netanyahu’s plan to expand the nearly two-year Gaza war, demanding an immediate ceasefire and the release of hostages.
President Ilham Aliyev’s working visit to the United States featured high-level talks, landmark agreements, and a historic peace signing, marking a turning point in Azerbaijan’s relations with Washington and the wider South Caucasus.
Iran has warned against a planned transport corridor proposed under a peace deal between Azerbaijan and Armenia, brokered with backing from U.S. President Donald Trump, saying it could threaten regional stability.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment