Inflation forecast set at 6.1% for 2026 and 5.8% for 2027
The official baseline macroeconomic projections maintain price stability as the core objective, directly guiding future monetary policy and interest rate paths (axar.az).
Lending & deposits
Mortgage sales launched for ready and under-construction apartments in Park Yasamal
The availability of residential property financing options creates active retail lending channels for commercial banks (axar.az).
New pension capital and monthly allowance assignment rules introduced for military personnel
These legislative updates streamline retirement funding mechanics, impacting long-term household savings and banking liabilities (axar.az).
Market signals
State Oil Fund reports net revenues of approximately $4.6 billion from hydrocarbon sales up to October 15, supporting overall macro liquidity (axar.az).
Registered unemployed individuals reach 251.2 thousand as of October 1, reflecting ongoing labor market dynamics relevant to retail credit scoring (axar.az).
Risks to watch
Fluctuating geopolitical factors and external energy market pressures could influence domestic inflation expectations and pricing stability.
Shifts in employment numbers and income stability require close monitoring of retail loan portfolio asset quality.
Actionable insights
Review commercial bank retail lending models against the latest employment and mortgage market offerings.
Incorporate the newly published 2026-2027 inflation baseline projections into mid-term treasury and asset-liability management strategies.
Assess credit exposure profiles in light of evolving pension and social security calculation frameworks.
