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Our goal is to prevent double-digit inflation

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Our goal is to prevent double-digit inflation

"Our main goal is to prevent double-digit inflation. Today, inflation rate is 11%."

Chairman of Azerbaijan's Central Bank (CBA) Elman Rustamov told reporters.

According to him, it is difficult to predict how much price will increase by the end of the year, however, inflation should be prevented for macroeconomic stability. "Very high inflation and devaluation are bad for the economy.

Low inflation is necessary in order to ensure macroeconomic stability."

Date
2016.09.26 / 21:30
Author
Axar.az
See also

Azeri Light rises to $113.11 per barrel

Azerbaijan’s foreign debt reduction plan being implemented

Azeri Light crude increased to $111 per barrel

Azerbaijan boosts oil exports to Bulgaria

Azeri light jumps over 110 dollars per barrel

Euro falls while ruble rises against manat

Oil prices surge on global markets

Azerbaijan boosts oil exports to Bulgaria in early 2026

Global oil prices continue to fall

Oil prices plunge after Iran opens Strait of Hormuz

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