Azerbaijani Oil Price Drops Below $70

Baku: The price of Azerbaijani oil Azeri Light (CIF) brand has fallen on world markets, APA-Economics reports. The price of 1 barrel of Azerbaijani oil decreased by $1.84 or 2.6% to $69.39.

According to Azeri-Press News Agency, the previous price of…

Azerbaijan’s Central Bank Unveils Its Inflation Forecast

Baku: The Central Bank of Azerbaijan (CBA) forecasts that annual inflation will be within the target in 2025 and 2026, APA-Economics reports, citing the CBA.

According to Azeri-Press News Agency, the July forecasts under the base scenario indicate t…

CBA Cuts Key Interest Rate for the First Time in a Year

Baku: The Central Bank of Azerbaijan (CBA) has announced a change in the key interest rate for the first time in a year. The CBA Board of Directors has decided to reduce the discount rate to 7.00%, while adjusting the lower limit of the interest rate …