CBA again Focused on Macroeconomic Stability

Tools of monetary easing are intended to introduce this year by the Central Bank of Azerbaijan.

As stated in the press release of the CBA, the main task of the regulator of financial flows in the current financial cycle is to actively support the preservation of macroeconomic stability aimed at maintaining economic growth and social welfare.

"In order to support economic development, the Central Bank will use the possibility of monetary policy, especially monetary easing tools. In addition, the Central Bank plans to ensure the stability of the financial sector through immunization activities and flexible risk management, promote the empowerment of the business environment to obtain long-term loans," is emphasized in the press release.

In addition, the Central Bank intends to implement measures aimed at reducing the rates on bank loans, and incentives to attract long-term resources to the banking sector. --17D-