Central Bank of Azerbaijan projects annual inflation at 5.9% for 2026 and 2027
What happened
The Central Bank of Azerbaijan expects annual inflation to remain within its target range of 4%, plus or minus 2 percentage points. October baseline projections set annual inflation at 5.9% for both the end of 2026 and 2027. The Central Bank lowered its 2026 forecast by 0.2 percentage points compared to July, while raising the 2027 forecast by 0.1 percentage points.
From trend.az
Why it matters
The Central Bank noted that inflation risks are primarily linked to the international environment, specifically the potential rise of energy and food prices. The extent to which these global increases affect domestic prices depends on the dynamics of the manat’s nominal effective exchange rate.
From trend.az
Who's involved
- central bankManages monetary policy and issues inflation projections for Azerbaijan
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The entities involved
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Azerbaijan
country in the Caucasus in Eastern Europe and Western Asia
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central bank
public institution that manages a state's currency, money supply, and interest rates
Related events
- The Central Bank of Azerbaijan manages monetary policy while tracking inflation and trade surplus.
- Toghrul Aliyev has been appointed as Deputy Chairman of the Central Bank of Azerbaijan.
- The International Monetary Fund projects Azerbaijan's GDP growth and inflation.
- ING Group published an analytical review concerning the economy of Azerbaijan.
- Azerbaijan's Central Bank, led by Taleh Kazimov, operates with a financial structure distinct from the US system.