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.
The UN's International Maritime Organization has paused escort operations through the Strait of Hormuz after a cargo ship was reportedly attacked near...
The United Nations' top human rights official has called for independent investigations into deaths in U.S. immigration detention facilities, citing a...
Tens of thousands of people are still unaccounted for after two powerful earthquakes struck Venezuela. At least 589 people have been confirmed dead a...
An aircraft roughly the size of a car crashed into Beijing's tallest skyscraper on Friday evening, triggering a major emergency response and a heavy p...
Montenegrin police, working alongside the United States' Federal Bureau of Investigation, have arrested an Iranian national accused of carrying out a ...
Azerbaijan Airlines (AZAL) has taken delivery of its first Airbus A321neo, marking another milestone in the carrier's long-term fleet modernisation programme aimed at improving efficiency, expanding capacity and enhancing the passenger experience.
A senior NATO official has visited Azerbaijan for high-level talks on bilateral cooperation, regional security and preparations for the upcoming NATO summit in Ankara. The visit marked his first official trip to the country.
ANEWZ can exclusively report that European Commission President Ursula von der Leyen is expected to visit Azerbaijan on 1 July.
The United Nations Public Service Forum has opened in Tbilisi, Georgia, for the first time, bringing together 420 participants from nearly 100 countries to discuss public sector governance, digital transformation and citizen-centred service delivery.
An earthquake of magnitude 6.9 struck Japan's northeast coast on Thursday, but no tsunami warning was issued, no injuries were immediately reported and no irregularities were found at nuclear facilities, the authorities said.
As Western Europe battles a deadly heatwave that has shattered temperature records, disrupted transport and power supplies, and forced the closure of schools and cultural landmarks, attention is turning to whether El Niño is playing a role in the extreme conditions.
The U.S. Senate rejected a resolution on Wednesday that would have directed President Donald Trump to remove U.S. forces from hostilities against Iran unless Congress formally authorised military action.
The Kremlin has denied a Wall Street Journal report claiming Moscow is pressuring Belarus to support an expanded Russian military campaign in Ukraine.
Tens of thousands of people are still unaccounted for after two powerful earthquakes struck Venezuela. At least 589 people have been confirmed dead and hundreds are believed to be trapped under rubble, as emergency crews and international rescue teams race to respond.
The UN's International Maritime Organization has paused escort operations through the Strait of Hormuz after a cargo ship was reportedly attacked near Oman, with two U.S. officials accusing Iran of the attack.
Kazakhstan has not received an official request from Russia for petrol supplies, Energy Minister Yerlan Akkenzhenov said, as fuel shortages and sales restrictions in Russia raise concerns over fuel supplies across Central Asia.
Iran's Ministry of Foreign Affairs on Friday (26 June) condemned as "interventionist, irresponsible and provocative" a statement issued following a joint meeting of foreign ministers from the U.S. and the Gulf Cooperation Council (GCC) in Manama, Bahrain.
Azerbaijan Airlines (AZAL) has taken delivery of its first Airbus A321neo, marking another milestone in the carrier's long-term fleet modernisation programme aimed at improving efficiency, expanding capacity and enhancing the passenger experience.
Pakistan is seeking to revive economic ties with Iran by reopening transport links and reassessing imports of discounted Iranian crude oil, as recent regional de-escalation raises hopes of broader economic cooperation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment