Elman Rustamov: Inflation is at an acceptable level

17:30 - 23.04.2020


April 23, Fineko/abc.az. A regular meeting of the Council for Cooperation with Entrepreneurs under the Board of the Central Bank has been conducted.

ABC.AZ reports that according to the Central Bank, CBA chairman Elman Rustamov stated at the meeting that macroeconomic stability is keeping in the country, inflation is at an acceptable level, the exchange rate of the national currency - the manat is stable, the situation in the foreign exchange market has significantly normalized.

Rustamov noted that the situation in the banking sector is satisfactory, liquidity is normal, the recovery of credit activity continues, while at the same time there is an increase in business lending and a decrease in consumer loans.

Over the last few months the beginning of growth trends and de-dollarization of the population's savings base has also been observed.

 

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