Azerbaijan Enters a Phase of Costly Stability

Why ING No Longer Expects Further Rate Cuts The latest macroeconomic revision by ING Group on Azerbaijan signals an important shift in how the country’s economic outlook is being assessed: inflationary risks are building faster than anticipated, while room for further monetary easing has effectively disappeared. For Baku, this marks the beginning of a new phase of the economic cycle, one in which the challenge is no longer how to stim...

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