OREANDA-NEWS. December 27, 2012. The Central Bank of Azerbaijan has made a statement about the main directions of the monetary policy and financial stability for 2013.

According to the CBA, the inflation target for 2013 is considered by the bank at 5-6%, and in order to achieve it the Central Bank will apply the classical instruments of regulation, while maintaining a flexible exchange regime.

The CBA also pointed out that the taken measures enabled to ensure the reduction of inflation in 2012 by 8 points - inflation is still only 1.2%.

The Bank also orients to the current account surplus at a level of 15-18% of GDP, and joins the IMF forecast on the occasion of world oil prices in 2013 - USD 105 per barrel.