BAKU (Trend) — The Central Bank of Azerbaijan (CBA) forecasts the inflation rate in Azerbaijan at 4% in 2021, the CBA Chairman Elman Rustamov said at a press conference.

This forecast is based on a recovery in consumption demand and fiscal stimulus measures in the country, the chairman added.

The Board of the Central Bank of Azerbaijan has made a decision to leave the discount rate at 6.25% starting from Jan.29.

The next review will take place on March 19, 2021.