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News
US Q2 Economic Growth Slows to 1.5%, Missing Forecasts
13+ hour, 8+ min ago (150+ words) July 30, Fineko/abc.az. The US economy expanded at an annualized rate of 1.5% in the second quarter of 2026, coming in below market expectations of 2%. In the first quarter, GDP growth stood at 2.1%. While a decline in net exports weighed on…...
Bank of England has kept key rate at 3.75%
17+ hour, 28+ min ago (159+ words) July 30, Fineko/abc.az. At the end of the July meeting the Bank of England left the base interest rate unchanged - at 3.75%, which coincided with market expectations. The decision was made by a majority vote (6 to 3). Three members of the…...
Fitch warns of deteriorating asset quality of Turkish banks
1+ day, 18+ hour ago (184+ words) Fineko/abc.az Fitch warns of deteriorating asset quality of Turkish banks July 29, Fineko/abc.az. In its latest report Fitch Ratings recorded a decrease in capital indicators and gradual deterioration in the asset quality of Turkish banks. According to…...
Sales Digitalization Expands EAEU State Revenues, New E-Commerce Rules Effective July 1
1+ mon, 5+ day ago (115+ words) According to ABC.AZ, the official noted that digital track-and-trace marking systems have proven highly effective in sheltering the unified market from illicit product flows while generating additional fiscal inflows for the member states' national budgets. Tangible impact of digital…...
Bank of Russia Delivers Smaller-Than-Expected Rate Cut, Lowering Key Rate to 14.25%
1+ mon, 1+ week ago (258+ words) June 19, Fineko/abc.az. The Central Bank of the Russian Federation (CBR) cut its benchmark policy rate by 25 basis points to 14.25% at its meeting today. According to ABC.AZ, while the consensus forecast among Bloomberg analysts expected a larger 50-basis-point…...
CBA representative considers inflation important for attracting capital to country
1+ mon, 1+ week ago (296+ words) Fineko/abc.az CBA representative considers inflation important for attracting capital to country June 17, Fineko/abc.az. Baku is hosting the 51st annual meeting of the Islamic Development Bank (IsDB) Group. ABC.AZ informs that during the event, Director General of…...
Central Bank to announce next discount rate decision this week
2+ mon, 3+ week ago (169+ words) May 4, Fineko/abc.az. Information on CBA’s next decision on the parameters of the interest rate corridor will be made public on May 6, 2026. ABC.AZ informs with reference to the CBA that the relevant decision will be made based on…...
World’s most expensive metal named - more than $10,000 per ounce
3+ mon, 6+ day ago (141+ words) Fineko/abc.az April 24, Fineko/abc.az. Rhodium is the most expensive natural metal, and its price exceeds $10,000 per troy ounce, ABC.AZ reports, quoting Russian economist Mikhail Gordienko. According to the expert, the high cost is explained by the…...
CBA keeps discount rate at 6.5%
3+ mon, 4+ week ago (155+ words) Fineko/abc.az CBA keeps discount rate at 6.5% April 2, Fineko/abc.az. The Board of the Central Bank of Azerbaijan has decided to keep the discount rate at 6.5%. ABC.AZ informs with reference to the CBA that the lower threshold…...
CBA: Current account surplus may increase this year
3+ mon, 4+ week ago (118+ words) Fineko/abc.az April 2, Fineko/abc.az. The indicators of the foreign sector, which are the main factor of equilibrium in the foreign exchange market, remain favorable. ABC.AZ reports, referring to the Central Bank of Azerbaijan, that according to…...