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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
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