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.
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Azerbaijan has dispatched a fresh shipment of humanitarian aid to neighbouring Iran, in what officials describe as a continued effort to support a “friendly nation” during a period of need.
The European Union has removed Georgia’s Kulevi oil terminal from its sanctions list after receiving assurances from both the Georgian government and Azerbaijan’s state energy company SOCAR that the facility will no longer be used in ways that could bypass sanctions on Russian oil.
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Donald Trump's has announced a five day pause on attacking power plants and energy infrastructure after 'very good and productive conversations' with Iran over the last two days. He says talks will continue. The Middle East situation enters it's fourth week. Follow live.
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