Azerbaijan's Central Bank aims to maintain manat exchange rate stability in 2026

The Central Bank of Azerbaijan has announced the main directions of its monetary policy for 2026.

The Daily Baku reports that according to the statement, the key objective is to keep inflation within the target range of 4±2 percent next year as well. The Central Bank notes that decisions will be based on macroeconomic forecasts, while both internal and external risks will be continuously monitored in order to achieve this goal.

According to the Bank’s forecast, annual inflation in 2026 will be approximately 5.7 percent, which remains within the target range.

The statement also refers to the results of 2025. It is noted that macroeconomic stability in the country was maintained during the year, inflation was kept under control, and balance was ensured in the foreign exchange market. In the first nine months of 2025, the current account recorded a surplus of 3 billion US dollars, while strategic foreign exchange reserves increased by 17.7 percent over 11 months, reaching 83.6 billion US dollars.

The Central Bank emphasizes that the current monetary policy framework will be preserved in 2026 as well, with stability of the manat exchange rate and equilibrium in financial markets remaining among the main priorities.