BAKU, Azerbaijan, May 6. The outlook for the current account balance (CAB) is positive in the medium term, and the CAB surplus is expected to reach approximately $5.5 billion this year, Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA), said, Trend reports.
He made the announcement today at a press conference on interest rate corridor parameters.
According to him, the current account surplus is expected to amount to approximately $4.4 billion next year.
The medium-term outlook for the current account (CAB) is positive. This year, the CAB surplus is expected to amount to $2.8–3 billion.
In its latest forecast, the CBA announced that this year’s CAB surplus will amount to $2.8–3 billion.
