Azerbaijan Central Bank unlikely to cut Key interest rate soon

The Central Bank of Azerbaijan (CBA) is not expected to lower its key interest rate in the near term, according to a report from the Netherlands’ largest financial group, ING Group, AzerNEWS reports. The report notes that existing inflationary risks leave little room for the CBA to ease monetary policy. Rising food prices and increases in domestic utility tariffs are highlighted as key constraints on further rate cuts.