"Fitch Solutions" international rating agency announced its forecast for monetary policy in Azerbaijan in 2023.

"APA-Economics" reports with reference to the international rating agency that "Fitch Solutions" predicted that the Central Bank of Azerbaijan will keep the refinancing rate at 8.25% in 2023 and will not ease the monetary policy.

The agency estimates that inflation will slow to 9.5% in 2023 from an estimated 13.0% annually in 2022.

"Nevertheless, remaining high price pressures will not allow the Central Bank to ease monetary policy," Fitch Solutions added.