BAKU: The Central Bank of Azerbaijan (CBA) has not changed the current account surplus forecast given in April this year based on the base scenario, Governor of the Central Bank of Azerbaijan Taleh Kazimov said at a press conference, Trend reports.

‘We expect a current account surplus of $7 billion in 2024 and $6 billion in 2025, consistent with our forecast from three months ago,’ he said.

Today, CBA issued a decision to keep the refinancing rate unchanged at 7.25 percent.

According to CBA, the upper and lower limits of the interest rate corridor also remained unchanged at 8.25 percent and 6.25 percent, respectively.

The CBA noted that this decision to maintain the refinancing rate was based on actual inflation rates aligning with forecasts, expected inflation remaining within the target range (4±2 percent), and the dynamics of both internal and external inflation factors.

Source: Trend News Agency