INFLATION IN AZERBAIJAN TO BE MUCH LOWER IN NOVEMBER-DECEMBER

18.11.2008 [15:47]
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Chairman of the National Bank`s Board Elman Rustamov said the government`s budgetary policy will be protected by the two major factors. The macroeconomic stability and its central element, inflation, is first factor and financial stability is the second one.

According to him, the inflation is decreasing in the world including Azerbaijan in the light of the ongoing processes. Inflation made up 1.7% in August-October. It is almost two times less than that in the same period last year. Inflation in October was 1.5%, hitting the 24-month low.

National Bank predicts that inflation in November-December will be much lower than that last year.

INFLATION IN AZERBAIJAN TO BE MUCH LOWER IN NOVEMBER-DECEMBER

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