Monetary base grows at a slow pace


September 20, Fineko/abc.az. Monetary conditions in Azerbaijan are anti-inflationary.

ABC.AZ reports with reference to the statement of the Central Bank of Azerbaijan.

The statement of country’s main bank says that the yield of government securities and interest rates on the interbank market are declining, and the process continues.

However, it is also noted that there are no significant changes in nominal interest rates on loans and deposits. The fact that nominal interest rates remain unchanged under the conditions of inflation growth causes a decrease in real interest rates.

The surplus execution of the State Budget and the dynamics of the single treasury account led to a low growth rate of the monetary base.

The monetary base has grown by 4.5% for past 8 months.