Central Bank of Azerbaijan cuts main rate as inflation slides
Inflation has run well below target in 2018, prompting the fourth rate cut of 2018
The Central Bank of Azerbaijan has cut a further 25 basis points from its policy rate, as inflation continues to run well below the target range.
The rate cut brings the policy rate to 9.75%, and is the fourth and smallest cut the central bank has implemented this year. Rates have come down from 15% over the year.
Inflation averaged just 2.6% over the first nine months of 2018, relative to the central bank’s target range of 6–8%, and so far there is little sign of inflationary pressures
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