IN January-July, the Central Bank of Azerbaijan has conducted its policy in the situation of tension in economy, creation of European crisis risk for future monetary unity, reduction of international investment inflow, changes in world financial and commodity markets, CBA new Monetary Policy Review reported. 

According to review, macroeconomic stability was protected in Azerbaijan, economic growth continued. Strategic currency reserves increased. 

CB directed its policy to keep inflation at the single-digit level, stability of manat’s rate, strengthening of development and sustainability in bank-financial sector. 

Review says as a result of conducted policy, the inflation was kept at the single-digit level, exchange rate of manat remained stable, banking system continues to support economic growth. 1 

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