Caucasus central banks cut rates as inflation falls

Armenia, Azerbaijan and Georgia continue gradual easing, with Armenian inflation at -0.5%

Central Bank of Armenia
Central Bank of Armenia
Central Bank of Armenia

The central banks of the three south Caucasus states cut interest rates this month, as inflation fell into or below target ranges. 

Azerbaijan: The Central Bank of Azerbaijan made its second rate cut this quarter on December 20, reducing the policy rate by 50 basis points to 8%.

In a statement, the central bank’s board said inflation was 2.6% year on year in November. This is the third consecutive month that inflation has been within the central bank’s target range of 4% plus or minus 2%.  


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