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ING: Central Bank of Azerbaijan will not cut interest rate in upcoming decisions
The Central Bank of Azerbaijan will not reduce the interest rate in its upcoming decisions, APA-Economics reports, citing ING Group, the largest financial group in the Netherlands. The report noted that amid current inflation risks, there is no additional room for the Central Bank of Azerbaijan (CBA) to lower the interest rate. It was stated that global and domestic inflationary pressures, particularly rising food prices and tariff increases, are the main constraining factors for monetary easing. [...]