“Fitch Solutions” international rating agency updated its forecast regarding monetary policy in Azerbaijan in 2023, APA-Economics reports citing the agency.

Fitch Solutions forecasts that the Central Bank of Azerbaijan will increase the refinancing rate to 9.25% in 2023. This is the same as the agency’s April forecast.

Fitch Solutions also determined that the exchange rate of the Azerbaijani manat will remain stable in 2023.

Source: Azeri-Press News Agency