\u201cAz\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB) pul-kredit siyas\u0259ti il\u0259 ba\u011fl\u0131 m\u00f6vqeyi m\u0259qbuldur v\u0259 onu daha da yum\u015faltmazdan \u0259vv\u0259l ehtiyatl\u0131 olmaq t\u00f6vsiy\u0259 olunur\u201d.<\/p>\n
Bu bar\u0259d\u0259 Beyn\u0259lxalq Valyuta Fondunun (IMF) \u201cIMF-nin yarad\u0131lmas\u0131 haqq\u0131nda\u201d Sazi\u015finin IV madd\u0259sin\u0259 uy\u011fun olaraq fondun Az\u0259rbaycan \u00fczr\u0259 missiyas\u0131n\u0131n r\u0259hb\u0259ri Anna Bordonun 2023-c\u00fc ilin noyabr ay\u0131nda Bak\u0131da ke\u00e7irdiyi m\u0259sl\u0259h\u0259tl\u0259\u015fm\u0259l\u0259rin n\u0259tic\u0259l\u0259rin\u0259 dair hesabat\u0131nda deyilir.<\/p>\n
\u201c\u0130nflyasiya h\u0259d\u0259f diapazonuna qay\u0131d\u0131b, M\u0259rk\u0259zi Bank 2021-ci ilin ortalar\u0131ndan 2023-c\u00fc ilin may ay\u0131na q\u0259d\u0259r 275 b\u0259nd h\u0259cmind\u0259 s\u0259rtl\u0259\u015fdirm\u0259d\u0259n v\u0259 ehtiyat t\u0259l\u0259bl\u0259rini art\u0131rd\u0131qdan sonra 2023-c\u00fc ilin noyabr\u0131nda faiz d\u0259r\u0259c\u0259l\u0259rini endirib. Bununla bel\u0259, xarici v\u0259 daxili amill\u0259rin yaratd\u0131\u011f\u0131 inflyasiya riskl\u0259ri qalmaqdad\u0131r. Bel\u0259likl\u0259, n\u00f6vb\u0259ti yum\u015faltmalar\u0131 n\u0259z\u0259rd\u0259n ke\u00e7irm\u0259zd\u0259n \u0259vv\u0259l vergi-b\u00fcdc\u0259 siyas\u0259tinin s\u0259rtl\u0259\u015fdirilm\u0259sin\u0259, g\u0259lirl\u0259rin v\u0259 \u0259m\u0259khaqq\u0131 art\u0131m\u0131n\u0131n yava\u015flad\u0131lmas\u0131na, el\u0259c\u0259 d\u0259 \u0259rzaq qiym\u0259tl\u0259rin\u0259 m\u0259nfi t\u0259sir ed\u0259c\u0259k xo\u015fag\u0259lm\u0259z \u015foklar\u0131n olmamas\u0131na ehtiyac var\u201d, – IMF-d\u0259n bildirilib.<\/p>\n
Valyuta Fondunun iqtisad\u00e7\u0131lar\u0131 hesab edirl\u0259r ki, AMB pul siyas\u0259tinin transmissiya mexanizmini g\u00fccl\u0259ndirm\u0259y\u0259 davam etm\u0259lidir:<\/p>\n
\u201cYeni \u0259m\u0259liyyat sisteminin i\u015f\u0259 sal\u0131nmas\u0131 v\u0259 likvidliyin daha da azald\u0131lmas\u0131na y\u00f6n\u0259lmi\u015f sonrak\u0131 s\u0259yl\u0259r alq\u0131\u015flan\u0131r v\u0259 u\u00e7ot d\u0259r\u0259c\u0259sind\u0259n banklararas\u0131 m\u0259z\u0259nn\u0259y\u0259 ke\u00e7idin yax\u015f\u0131la\u015fmas\u0131na s\u0259b\u0259b olub. Banklar\u0131n kredit faizl\u0259rin\u0259 t\u0259sirini g\u00fccl\u0259ndirm\u0259k \u00fc\u00e7\u00fcn \u0259lav\u0259 s\u0259yl\u0259r\u0259 ehtiyac var, \u00e7\u00fcnki bu, t\u0259kmil proqnozla\u015fd\u0131rma v\u0259 kommunikasiya il\u0259 yana\u015f\u0131, orta v\u0259 uzunm\u00fcdd\u0259tli perspektivd\u0259 daha \u00e7ox m\u0259z\u0259nn\u0259 \u00e7evikliyi v\u0259 hibrid inflyasiya h\u0259d\u0259fl\u0259m\u0259 rejimi \u00fc\u00e7\u00fcn yol a\u00e7ma\u011fa k\u00f6m\u0259k ed\u0259c\u0259k\u201d.<\/p>\n
Onlar\u0131n fikrinc\u0259, pul-kredit siyas\u0259tini daha da yum\u015faltmadan \u0259vv\u0259l son deflyasiyan\u0131n davam etdiyin\u0259 \u0259min olmaq laz\u0131md\u0131r:<\/p>\n
\u201c\u0130nflyasiya s\u00fcr\u0259tl\u0259 azal\u0131r v\u0259 AMB bu yax\u0131nlarda faiz d\u0259r\u0259c\u0259l\u0259rini a\u015fa\u011f\u0131 sal\u0131b. Amma pul-kredit siyas\u0259tinin daha da yum\u015fald\u0131lmas\u0131ndan \u0259vv\u0259l ehtiyatl\u0131 olmaq laz\u0131md\u0131r. \u0130nflyasiyan\u0131n a\u015fa\u011f\u0131 d\u00fc\u015fm\u0259sinin \u0259sas h\u0259r\u0259k\u0259tverici q\u00fcvv\u0259si olan xarici amill\u0259r tez bir zamanda geri d\u00f6n\u0259 bil\u0259r. Geni\u015fl\u0259ndirici fiskal siyas\u0259t v\u0259 dayan\u0131ql\u0131 \u0259m\u0259khaqq\u0131 v\u0259 g\u0259lir art\u0131m\u0131 fonunda daxili t\u0259l\u0259b t\u0259zyiqi g\u00fccl\u00fc olaraq qal\u0131r. Hibrid inflyasiya h\u0259d\u0259fl\u0259nm\u0259sin\u0259 ke\u00e7idi s\u00fcr\u0259tl\u0259ndirm\u0259k \u00fc\u00e7\u00fcn pul-kredit siyas\u0259tinin transmissiya mexanizminin g\u00fccl\u0259ndirilm\u0259si davam etdirilm\u0259lidir\u201d.<\/p>\n
IMF-d\u0259 hesab edirl\u0259r ki, ortam\u00fcdd\u0259tli perspektivd\u0259 Az\u0259rbaycanda inflyasiya AMB-nin h\u0259d\u0259f diapazonunda qalacaq. Y\u00fcks\u0259k neft qiym\u0259tl\u0259ri il\u0259 d\u0259st\u0259kl\u0259n\u0259n xarici m\u00f6vqenin m\u00fcsb\u0259t ticar\u0259t balans\u0131 v\u0259 valyuta ehtiyatlar\u0131n\u0131n davaml\u0131 y\u0131\u011f\u0131lmas\u0131 s\u0259b\u0259bind\u0259n g\u00fccl\u00fc qalaca\u011f\u0131 proqnozla\u015fd\u0131r\u0131l\u0131r.<\/p>\n
\u201cPerspektiv \u00fc\u00e7\u00fcn riskl\u0259r \u00fcmumilikd\u0259 balansla\u015fd\u0131r\u0131lm\u0131\u015f \u015f\u0259kild\u0259 qal\u0131r, lakin xarici qeyri-m\u00fc\u0259yy\u0259nlik y\u00fcks\u0259kdir. Ukraynada m\u00fcharib\u0259nin k\u0259skinl\u0259\u015fm\u0259si, \u0130srail v\u0259 Q\u0259zzadak\u0131 m\u00fcnaqi\u015f\u0259 karbohidrogenl\u0259rin qiym\u0259tl\u0259rinin v\u0259 onlara t\u0259l\u0259bat\u0131n artmas\u0131na s\u0259b\u0259b ola bil\u0259r ki, bu da ixrac\u0131n v\u0259 b\u00fcdc\u0259 g\u0259lirl\u0259rinin artmas\u0131na s\u0259b\u0259b olacaq. Amma bu, \u0259rzaq t\u0259hl\u00fck\u0259sizliyinin azalmas\u0131 v\u0259 inflyasiya riskl\u0259ri yaradaraq, \u0259rzaq qiym\u0259tl\u0259rinin artmas\u0131na da s\u0259b\u0259b ola bil\u0259r. Qlobal t\u0259n\u0259zz\u00fcl Az\u0259rbaycan\u0131n ticar\u0259t \u015f\u0259rtl\u0259rin\u0259 m\u0259nfi t\u0259sir g\u00f6st\u0259r\u0259 bil\u0259r v\u0259 ticar\u0259t t\u0259r\u0259fda\u015flar\u0131n\u0131n z\u0259if iqtisadiyyatlar\u0131 v\u0259 daha d\u0259rin geoiqtisadi par\u00e7alanma il\u0259 yana\u015f\u0131, perspektivd\u0259 d\u0259 t\u0259sir g\u00f6st\u0259r\u0259 bil\u0259r. Baza proqnoz \u00fc\u00e7\u00fcn daxili riskl\u0259r protsiklik fiskal siyas\u0259td\u0259n, d\u00f6vl\u0259t m\u00fc\u0259ssis\u0259l\u0259ri t\u0259r\u0259find\u0259n yaranan fiskal riskl\u0259rd\u0259n v\u0259 k\u0259nd t\u0259s\u0259rr\u00fcfat\u0131 istehsal\u0131na, \u0259rzaq t\u0259hl\u00fck\u0259sizliyin\u0259 v\u0259 inflyasiyaya t\u0259sir g\u00f6st\u0259r\u0259 bil\u0259c\u0259k ekstremal iqlim hadis\u0259l\u0259rind\u0259n yaran\u0131r. Dig\u0259r t\u0259r\u0259fd\u0259n, Erm\u0259nistanla s\u00fclh sazi\u015fi potensial olaraq regionda ticar\u0259ti art\u0131ra bil\u0259r.<\/p>\n
Amma inflyasiya riskl\u0259ri h\u0259m potensial xarici \u015foklar, h\u0259m d\u0259 g\u00fccl\u00fc daxili t\u0259l\u0259bin davam etm\u0259si s\u0259b\u0259bind\u0259n qalmaqdad\u0131r. Perspektiv il\u0259 ba\u011fl\u0131 riskl\u0259r \u00fcmumilikd\u0259 balansla\u015fd\u0131r\u0131lm\u0131\u015f, lakin y\u00fcks\u0259k olaraq qal\u0131r v\u0259 y\u00fcks\u0259k qeyri-m\u00fc\u0259yy\u0259n xarici hadis\u0259l\u0259ri \u0259ks etdirir\u201d, – hesabatda deyilir.<\/p>\n
IMF-nin proqnozlar\u0131na g\u00f6r\u0259, 2024-c\u00fc ild\u0259 \u00f6lk\u0259d\u0259 orta illik inflyasiya 4,7%, 2025-ci ild\u0259 5%, 2026-c\u0131 ild\u0259 4,5%, 2027-28-ci ill\u0259rd\u0259 4% t\u0259\u015fkil ed\u0259c\u0259k. \u0130stehlak qiym\u0259tl\u0259ri indeksinin (d\u00f6vr\u00fcn sonunda) 2024-25-ci ill\u0259rd\u0259 5%, 2026-28-ci ill\u0259rd\u0259 is\u0259 4% artaca\u011f\u0131 g\u00f6zl\u0259nilir.<\/p>\n
2023-c\u00fc ild\u0259 Az\u0259rbaycanda inflyasiya 8,8% olub. Bu g\u00f6st\u0259rici 2022-ci ild\u0259 13,9% t\u0259\u015fkil edib.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cAz\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB) pul-kredit siyas\u0259ti il\u0259 ba\u011fl\u0131 m\u00f6vqeyi m\u0259qbuldur v\u0259 onu daha da yum\u015faltmazdan \u0259vv\u0259l ehtiyatl\u0131 olmaq t\u00f6vsiy\u0259 olunur\u201d. Bu bar\u0259d\u0259 Beyn\u0259lxalq Valyuta Fondunun (IMF) \u201cIMF-nin yarad\u0131lmas\u0131 haqq\u0131nda\u201d Sazi\u015finin IV madd\u0259sin\u0259 uy\u011fun olaraq fondun Az\u0259rbaycan \u00fczr\u0259 missiyas\u0131n\u0131n r\u0259hb\u0259ri Anna Bordonun 2023-c\u00fc ilin noyabr ay\u0131nda Bak\u0131da ke\u00e7irdiyi m\u0259sl\u0259h\u0259tl\u0259\u015fm\u0259l\u0259rin n\u0259tic\u0259l\u0259rin\u0259 dair hesabat\u0131nda deyilir. \u201c\u0130nflyasiya h\u0259d\u0259f diapazonuna qay\u0131d\u0131b, M\u0259rk\u0259zi Bank 2021-ci ilin ortalar\u0131ndan 2023-c\u00fc ilin may ay\u0131na q\u0259d\u0259r 275 b\u0259nd h\u0259cmind\u0259 s\u0259rtl\u0259\u015fdirm\u0259d\u0259n v\u0259 ehtiyat t\u0259l\u0259bl\u0259rini art\u0131rd\u0131qdan sonra 2023-c\u00fc ilin noyabr\u0131nda faiz d\u0259r\u0259c\u0259l\u0259rini endirib. Bununla bel\u0259, xarici v\u0259 daxili amill\u0259rin yaratd\u0131\u011f\u0131 inflyasiya riskl\u0259ri…<\/p>\n","protected":false},"author":2,"featured_media":688296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[19],"tags":[],"aioseo_notices":[],"gutentor_comment":0,"rttpg_featured_image_url":{"full":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5.jpg",620,413,false],"landscape":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5.jpg",620,413,false],"portraits":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5.jpg",620,413,false],"thumbnail":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5-500x280.jpg",500,280,true],"medium":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5-548x365.jpg",548,365,true],"large":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5.jpg",620,413,false],"1536x1536":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5.jpg",620,413,false],"2048x2048":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5.jpg",620,413,false],"post-thumbnail":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5-240x172.jpg",240,172,true],"advps-thumb-one":["https:\/\/arantv.az\/wp-content\/uploads\/2024\/02\/imf-5.jpg",620,413,false]},"rttpg_author":{"display_name":"V\u00fcsal Rafiqo\u011flu","author_link":"https:\/\/arantv.az\/?author=2"},"rttpg_comment":0,"rttpg_category":"G\u00fcnd\u0259m<\/a>","rttpg_excerpt":"\u201cAz\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB) pul-kredit siyas\u0259ti il\u0259 ba\u011fl\u0131 m\u00f6vqeyi m\u0259qbuldur v\u0259 onu daha da yum\u015faltmazdan \u0259vv\u0259l ehtiyatl\u0131 olmaq t\u00f6vsiy\u0259 olunur\u201d. Bu bar\u0259d\u0259 Beyn\u0259lxalq Valyuta Fondunun (IMF) \u201cIMF-nin yarad\u0131lmas\u0131 haqq\u0131nda\u201d Sazi\u015finin IV madd\u0259sin\u0259 uy\u011fun olaraq fondun Az\u0259rbaycan \u00fczr\u0259 missiyas\u0131n\u0131n r\u0259hb\u0259ri Anna Bordonun 2023-c\u00fc ilin noyabr ay\u0131nda Bak\u0131da ke\u00e7irdiyi m\u0259sl\u0259h\u0259tl\u0259\u015fm\u0259l\u0259rin n\u0259tic\u0259l\u0259rin\u0259 dair hesabat\u0131nda deyilir. \u201c\u0130nflyasiya h\u0259d\u0259f diapazonuna…","_links":{"self":[{"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/posts\/688295"}],"collection":[{"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=688295"}],"version-history":[{"count":0,"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/posts\/688295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/media\/688296"}],"wp:attachment":[{"href":"https:\/\/arantv.az\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=688295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=688295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=688295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}