Baku:The Central Bank of Azerbaijan (CBA) has reported that there is no significant increase in debt levels or excessive borrowing among the population. This statement was made by CBA Governor Taleh Kazimov during a press conference focused on the latest monetary policy decision.
According to Azeri-Press news agency, Governor Kazimov mentioned that the Central Bank consistently evaluates the debt levels of the population and performs necessary analyses to monitor the situation.
Kazimov also highlighted that there has been an increase in consumer lending. However, he emphasized that this growth has been primarily driven by borrowers considered to be lower-risk, indicating a trend towards higher-quality borrowing.