Taleh Kazimov meets with heads of banks
Chairman of the Central Bank of Azerbaijan Taleh Kazimov met with the heads of banks-members of to the Board of the Association of Banks of Azerbaijan.
This was announced by the chief banker on the social network “X".
"At the meeting, we reviewed the results of the first quarter and the important issues on the agenda of the banking sector. We also exchanged views on macroeconomic factors, trends in the inter-bank market and in the sector as a whole,” the chairman said.
Finance
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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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