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-
Economics
-
The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
-
The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
-
In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
-
The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
Leave a review