Monetary conditions in Azerbaijan are becoming anti-inflationary, and no significant changes in nominal interest rates on loans and deposits have been observed, Trend reports citing a report of the Central Bank of Azerbaijan (CBA).
According to the report, nominal interest remains unchanged in the face of rising inflation, and this leads to a decrease in real interest.
Along with this, the surplus execution of the state budget and the growth of the balance of funds in the single treasury account ensured an increase in the monetary base (by 4.5 percent in the first 8 months of 2021), the report added.—AzerNews
