Azerbaijan's inflation "likely to slow"

Elman Rustamov, the National Bank of Azerbaijan's board chair, told a press conference Friday 11 May that inflation is likely to slow from its current 16% annual rate.

"We see the inflation slowing down at present. It doesn't go by default. We took some radical anti-inflationary measures. We keep cash flow under control. Now we try to reduce the pressure on national currency rate. In general, conversion is in low level presently," he added.

"The four month deflation totaled to 2.5% last year.