Baku, Azerbaijan, April 23. The nominal
effective exchange rate of the manat in the non-oil and gas sector
strengthened by 1.8 percent in March 2025 compared to the same
month last year, the Central Bank of Azerbaijan (CBA) told Trend.
The CBA said that in recent months, volatility in external
factors affecting inflation has increased.
According to the IMF, in March of this year, the commodity price
index decreased by 2.7 percent monthly and increased by 2.6 percent
annually, while the weighted average annual inflation of trading
partners was 9.6 percent compared to the same month last year,
added the bank.
To note, the refinancing rate has been kept unchanged at 7.25
percent, the lower limit of the interest rate corridor at 6.25
percent, and the upper limit of the interest rate corridor at 8.25
percent by the decision of the CBA Board of Directors.
Stay up-to-date with more news on Trend News
Agency’s WhatsApp channel