Azerbaijani Central Bank director announces inflation forecast for 2010

It is not ruled out that this figure will fall to even lower levels, Central Bank Director Elman Rustamov said on Oct. 21.

"There will be stable inflation at low level in Azerbaijan in 2010, that is, 3-5 percent or lower level is possible as we will continue discussions on this forecast," Rustamov said.

He said according to WB forecasts, inflation will total 2-2.5 percent in Azerbaijan by late 2009.

"We will maintain inflation at the same level in future," Rustamov added.

/Trend Capital/