Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB) \u0130dar\u0259 Hey\u0259ti (\u0130H) u\u00e7ot d\u0259r\u0259c\u0259sinin 6,25%-d\u0259n 6,5%-\u0259, d\u0259hlizin a\u015fa\u011f\u0131 h\u0259ddinin 5,75%-d\u0259n 6%-\u0259, yuxar\u0131 h\u0259ddinin is\u0259 6,75%-d\u0259n 7%-\u0259 y\u00fcks\u0259ldilm\u0259si bar\u0259d\u0259 q\u0259rar q\u0259bul edib.<\/p>\n
Bu bar\u0259d\u0259 qurumun a\u00e7\u0131qlamas\u0131nda bildirilir.<\/p>\n
Xat\u0131rladaq ki, bu, son 5 ild\u0259 ilk faiz art\u0131m\u0131d\u0131r. 2016-c\u0131 il sentyabr\u0131n 14-d\u0259 u\u00e7ot d\u0259r\u0259c\u0259si 9,5 %-d\u0259n 15 %-\u0259 qald\u0131r\u0131lm\u0131\u015fd\u0131.<\/p>\n
M\u0259lumatda h\u0259m\u00e7inin deyilir ki, u\u00e7ot d\u0259r\u0259c\u0259sin\u0259 dair q\u0259rar qlobal iqtisadiyyatda g\u00fccl\u0259n\u0259n inflyasiya prosesl\u0259rinin, x\u00fcsusil\u0259 \u0259rzaq v\u0259 xammal qiym\u0259tl\u0259rinin, n\u0259qliyyat v\u0259 logistika x\u0259rcl\u0259rinin art\u0131m\u0131n\u0131n milli iqtisadiyyata \u00f6t\u00fcr\u00fclm\u0259si prosesinin g\u00fccl\u0259nm\u0259si, h\u0259m\u00e7inin ert\u0259l\u0259nmi\u015f daxili t\u0259l\u0259bin y\u00fcks\u0259lm\u0259si fonunda t\u0259klifin geri qalmas\u0131, t\u0259nziml\u0259n\u0259n qiym\u0259t v\u0259 tarifl\u0259rin liberalla\u015fd\u0131r\u0131lmas\u0131 prosesl\u0259rinin t\u0259siri n\u0259z\u0259r\u0259 al\u0131nmaqla q\u0131sa v\u0259 ortam\u00fcdd\u0259tli inflyasiya amill\u0259rinin proqnozu \u0259sas\u0131nda q\u0259bul edilib.<\/p>\n
Qeyd olunan amill\u0259r qiym\u0259tl\u0259r sabitliyinin riskl\u0259r balans\u0131nda inflyasiya amill\u0259rinin rolunu g\u00fccl\u0259ndirm\u0259kl\u0259 monetar – fiskal siyas\u0259tin neytralla\u015fd\u0131r\u0131c\u0131 t\u0259sirini z\u0259ifl\u0259dir.<\/p>\n
Proqnoz horizontunda inflyasiyan\u0131n h\u0259d\u0259fd\u0259n k\u0259narla\u015fmas\u0131n\u0131n qar\u015f\u0131s\u0131n\u0131n al\u0131nmas\u0131 pul siyas\u0259tinin fasil\u0259 g\u00f6t\u00fcr\u00fclm\u0259 m\u0259rh\u0259l\u0259sind\u0259n \u00e7\u0131x\u0131\u015f\u0131n\u0131 \u015f\u0259rtl\u0259ndirir.<\/p>\n
Faiz d\u0259hlizinin parametrl\u0259rin\u0259 dair n\u00f6vb\u0259ti q\u0259rarlar inflyasiyan\u0131n faktiki v\u0259 proqnoz g\u00f6st\u0259ricil\u0259rinin d\u0259yi\u015fimi, risk balans\u0131nda d\u0259yi\u015fiklikl\u0259r, habel\u0259 iqtisadiyyat\u0131n cari v\u0259ziyy\u0259ti v\u0259 onun ortam\u00fcdd\u0259tli d\u00f6vrd\u0259 inki\u015faf perspektivl\u0259ri n\u0259z\u0259r\u0259 al\u0131nmaqla q\u0259bul edil\u0259c\u0259k.<\/p>\n
\u0130nflyasiya prosesl\u0259ri<\/p>\n
\u0130H-nin pul siyas\u0259tin\u0259 h\u0259sr olunmu\u015f \u00f6t\u0259n iclas\u0131ndan sonrak\u0131 d\u00f6vrd\u0259 illik inflyasiya tempi y\u00fcks\u0259libr. R\u0259smi statistikaya g\u00f6r\u0259 avqustda inflyasiya s\u0259viyy\u0259si 0,5% olub, qiym\u0259tl\u0259rin \u00fcmumi s\u0259viyy\u0259sinin 12 ayl\u0131q art\u0131m\u0131 is\u0259 6,7% t\u0259\u015fkil edib. Orta illik inflyasiya is\u0259 yanvar-avqust aylar\u0131nda 4,8% olub. D\u00f6vl\u0259t t\u0259nziml\u0259nm\u0259si t\u0259tbiq edil\u0259n qiym\u0259tl\u0259r, h\u0259m\u00e7inin m\u00f6vs\u00fcm\u0259 h\u0259ssas k\u0259nd t\u0259s\u0259rr\u00fcfat\u0131 m\u0259hsullar\u0131 n\u0259z\u0259r\u0259 al\u0131nmadan hesablanan orta illik baza inflyasiya 2021-ci ilin yanvar-avqust aylar\u0131nda 3% t\u0259\u015fkil edib.<\/p>\n
Avqustda \u0259rzaq m\u0259hsullar\u0131 \u00fczr\u0259 qiym\u0259t indeksi 0,8% y\u00fcks\u0259lib, illik \u0259rzaq inflyasiyas\u0131 7,8% t\u0259\u015fkil edib. Orta illik \u0259rzaq inflyasiyas\u0131 is\u0259 yanvar-avqust aylar\u0131nda 5,4% olub. M\u00f6vs\u00fcmi amill\u0259rin tarixi t\u0259hlill\u0259ri g\u00f6st\u0259rir ki, son 10 ild\u0259 h\u0259r ilin may-avqust aylar\u0131nda \u0259rzaq m\u0259hsullar\u0131 \u00fczr\u0259 kumulyativ olaraq 3-7% deflyasiya m\u00fc\u015fahid\u0259 olunurdusa, cari ilin m\u00fcvafiq m\u00f6vs\u00fcm\u00fcnd\u0259 c\u0259mi 0,8% deflyasiya olub. \u018frzaq inflyasiyas\u0131na d\u00fcnya \u0259rzaq qiym\u0259tl\u0259rinin y\u00fcks\u0259lm\u0259kd\u0259 davam etm\u0259si ciddi t\u0259sir g\u00f6st\u0259rir. BMT-nin \u018frzaq v\u0259 K\u0259nd T\u0259s\u0259rr\u00fcfat\u0131 T\u0259\u015fkilat\u0131n\u0131n m\u0259lumat\u0131na g\u00f6r\u0259 d\u00fcnya \u0259rzaq qiym\u0259tl\u0259ri avqustda 3,1%, son bir ild\u0259 is\u0259 32,9% y\u00fcks\u0259lib.<\/p>\n
Avqustda qiym\u0259tl\u0259r qeyri-\u0259rzaq m\u0259hsullar\u0131 \u00fczr\u0259 0,3%, xidm\u0259tl\u0259r \u00fczr\u0259 0,2% y\u00fcks\u0259lib. \u0130llik \u0259sasda inflyasiya qeyri-\u0259rzaq m\u0259hsullar\u0131 \u00fczr\u0259 5%, xidm\u0259tl\u0259r \u00fczr\u0259 is\u0259 6,4% t\u0259\u015fkil edib.<\/p>\n
\u0130stehsal\u00e7\u0131 qiym\u0259tl\u0259ri indeksi d\u0259 \u00fcmumilikd\u0259 art\u0131ma meyillidir. Avqustda \u00f6t\u0259n ilin eyni d\u00f6vr\u00fc il\u0259 m\u00fcqayis\u0259d\u0259 emal s\u0259nayesind\u0259 istehsal\u00e7\u0131 qiym\u0259tl\u0259ri indeksi 23%, k\u0259nd t\u0259s\u0259rr\u00fcfat\u0131nda is\u0259 2,6% art\u0131b. Qeyd olunanlar onu g\u00f6st\u0259rir ki, xarici v\u0259 daxili x\u0259rc amill\u0259rinin qiym\u0259tl\u0259r\u0259 \u00f6t\u00fcr\u00fcc\u00fcl\u00fcy\u00fc iqtisadiyyat\u0131n sah\u0259l\u0259ri \u00fczr\u0259 f\u0259rql\u0259nir. K\u0259nd t\u0259s\u0259rr\u00fcfat\u0131 m\u0259hsullar\u0131 \u00fczr\u0259 istehsal\u00e7\u0131 qiym\u0259ti indeksinin art\u0131m tempinin \u0259rzaq inflyasiyas\u0131 s\u0259viyy\u0259sind\u0259n geri qalmas\u0131 \u0259rzaq m\u0259hsullar\u0131 \u00fczr\u0259 inflyasiya idxal\u0131n\u0131n y\u00fcks\u0259k oldu\u011funu g\u00f6st\u0259rir.<\/p>\n
\u00dcmumilikd\u0259 illik inflyasiyan\u0131n y\u00fcks\u0259lm\u0259 meyilini \u015f\u0259rtl\u0259ndir\u0259n amill\u0259r\u0259 d\u00fcnya bazar\u0131nda \u0259rzaq v\u0259 qeyri-\u0259rzaq qiym\u0259tl\u0259rinin dinamikas\u0131, ticar\u0259t t\u0259r\u0259fda\u015f\u0131 \u00f6lk\u0259l\u0259rind\u0259 inflyasiyan\u0131n s\u00fcr\u0259tl\u0259nm\u0259si, ert\u0259l\u0259nmi\u015f t\u0259l\u0259bin f\u0259alla\u015fmas\u0131, d\u00f6vl\u0259t t\u0259nziml\u0259nm\u0259si t\u0259tbiq edil\u0259n qiym\u0259t v\u0259 tarifl\u0259rin liberalla\u015fd\u0131r\u0131lmas\u0131 aiddir.<\/p>\n
Haz\u0131rda d\u00fcnyan\u0131n \u0259ks\u0259r \u00f6lk\u0259l\u0259rind\u0259 inflyasiyan\u0131n y\u00fcks\u0259lm\u0259si v\u0259 q\u0259bul edilmi\u015f h\u0259d\u0259fl\u0259rd\u0259n k\u0259narla\u015fmas\u0131 m\u00fc\u015fahid\u0259 edilir. Bel\u0259 ki, avqustda illik inflyasiya s\u0259viyy\u0259si Avrozonada son 117 ay\u0131n maksimumuna \u00e7ataraq 3%, AB\u015e-da 156 ay\u0131n maksimumuna \u00e7ataraq 5,3%, Rusiyada son 60 ay\u0131n maksimumuna \u00e7ataraq 6,7%, Qazax\u0131standa son 56 ay\u0131n maksimumuna \u00e7ataraq 8,7%, Belarusda son 56 ay\u0131n maksimumuna \u00e7ataraq 9,8%, Ukraynada son 39 ay\u0131n maksimumuna \u00e7ataraq 10,2%, G\u00fcrc\u00fcstanda son 123 ay\u0131n maksimumuna \u00e7ataraq 12,8% v\u0259 T\u00fcrkiy\u0259d\u0259 son 28 ay\u0131n maksimumuna \u00e7ataraq 19,3% t\u0259\u015fkil edib.<\/p>\n
\u0130nflyasiya g\u00f6zl\u0259ntil\u0259rind\u0259 \u0259h\u0259miyy\u0259tli d\u0259yi\u015fiklik m\u00fc\u015fahid\u0259 edilmir. Real sektor \u00fczr\u0259 monitorinq\u0259 g\u00f6r\u0259 inflyasiya g\u00f6zl\u0259ntil\u0259ri avqustda \u0259vv\u0259lki aya n\u0259z\u0259r\u0259n ticar\u0259t v\u0259 tikinti sektorlar\u0131nda art\u0131b, qeyri-neft s\u0259nayesind\u0259 v\u0259 xidm\u0259td\u0259 is\u0259 azal\u0131b. Xidm\u0259t istisna edilm\u0259kl\u0259 monitorinq olunan b\u00fct\u00fcn sektorlarda qiym\u0259t g\u00f6zl\u0259ntil\u0259ri art\u0131m zonas\u0131nda q\u0259rarla\u015f\u0131b.<\/p>\n
\u018fsas\u0259n xarici v\u0259 daxili x\u0259rc amill\u0259rinin t\u0259siri n\u0259z\u0259r\u0259 al\u0131nmaqla sentyabrda bu ilin sonuna inflyasiya proqnozu y\u00fcks\u0259lm\u0259 istiqam\u0259tind\u0259 t\u0259shih edilib. Proqnozlara g\u00f6r\u0259 cari ild\u0259 orta illik inflyasiya 5,4-5,8%, illik inflyasiya is\u0259 7,0-7,5% s\u0259viyy\u0259sind\u0259 g\u00f6zl\u0259nilir. 2022-ci ild\u0259 is\u0259 illik inflyasiyan\u0131n 4-5% s\u0259viyy\u0259sind\u0259 olaca\u011f\u0131 pr oqnozla\u015fd\u0131r\u0131l\u0131r.<\/p>\n
Xarici sektor<\/strong><\/p>\n Son aylarda d\u00fcnyada koronavirusa yoluxma hallar\u0131n\u0131n artmas\u0131na baxmayaraq apar\u0131c\u0131 \u00f6lk\u0259l\u0259rd\u0259 s\u0259rt m\u0259hdudiyy\u0259tl\u0259rin t\u0259tbiq olunmamas\u0131 v\u0259 iqtisadi stimul t\u0259dbirl\u0259rinin davam etdirilm\u0259si iqtisadi aktivliyin y\u00fcks\u0259k olaraq qalmas\u0131na \u015f\u0259rait yarad\u0131b. Beyn\u0259lxalq Valyuta Fondu 2021-ci ild\u0259 qlobal iqtisadiyyat\u0131n 6% artaca\u011f\u0131n\u0131 proqnozla\u015fd\u0131r\u0131r. D\u00fcnya iqtisadiyyat\u0131 pandemiyadan \u0259vv\u0259lki s\u0259viyy\u0259sin\u0259 b\u0259rpa olunduqca bir s\u0131ra \u00f6lk\u0259l\u0259rd\u0259 m\u0259rk\u0259zi banklar inflyasiya t\u0259zyiql\u0259rini n\u0259z\u0259r\u0259 almaqla pul siyas\u0259tini s\u0259rtl\u0259\u015fdirm\u0259kd\u0259dirl\u0259r. \u0130yulun \u0259vv\u0259lind\u0259n indiy\u0259d\u0259k d\u00fcnya m\u0259rk\u0259zi banklar\u0131 t\u0259r\u0259find\u0259n 29 d\u0259f\u0259 \u0259sas faiz d\u0259r\u0259c\u0259sinin art\u0131r\u0131lmas\u0131 haqq\u0131nda q\u0259rar q\u0259bul edilib. Bu d\u00f6vrd\u0259 he\u00e7 bir m\u0259rk\u0259zi bank \u0259sas faiz d\u0259r\u0259c\u0259sini azaltmay\u0131b.<\/p>\n Neft\u0259 qlobal t\u0259l\u0259bin t\u0259klifl\u0259 m\u00fcqayis\u0259d\u0259 daha s\u00fcr\u0259tl\u0259 artmas\u0131 qiym\u0259tl\u0259rin art\u0131m meyilinin davam etm\u0259sini \u015f\u0259rtl\u0259ndirir. Brent markal\u0131 neftin orta qiym\u0259ti 2021-ci ilin \u00f6t\u0259n d\u00f6vr\u00fcnd\u0259 67 AB\u015e dollar\u0131n\u0131, sentyabrda is\u0259 72 dollar\u0131 \u00fcst\u0259l\u0259yib. B\u00fct\u00f6vl\u00fckd\u0259, cari ilin sonuna q\u0259d\u0259r qlobal neft bazar\u0131nda tarazl\u0131\u011f\u0131n olaca\u011f\u0131 g\u00f6zl\u0259nilir.<\/p>\n I yar\u0131millikd\u0259 t\u0259diy\u0259 balans\u0131n\u0131n cari \u0259m\u0259liyyatlar hesab\u0131nda 1,9 milyard dollar v\u0259 yaxud \u00fcmumi daxili m\u0259hsulun 8%-i s\u0259viyy\u0259sind\u0259 profisit olub. \u018flveri\u015fli neft qiym\u0259tl\u0259ri v\u0259 qeyri-neft ixrac\u0131n\u0131n y\u00fcks\u0259k s\u00fcr\u0259tl\u0259 artmas\u0131 ilin sonuna t\u0259diy\u0259 balans\u0131n\u0131n profisitli olaca\u011f\u0131n\u0131 proqnozla\u015fd\u0131rma\u011fa \u0259sas verir.<\/p>\n Strateji valyuta ehtiyatlar\u0131 8 ayda 4,8% (2,4 milyard dollar) artaraq 53,2 milyard dollar s\u0259viyy\u0259sin\u0259 y\u00fcks\u0259lib. Bu d\u00f6vrd\u0259 AMB-nin valyuta ehtiyatlar\u0131 10,6% artaraq 7 milyard dollar\u0131 \u00fcst\u0259l\u0259yib. Art\u0131mda Beyn\u0259lxalq Valyuta Fondu SDR-in (X\u00fcsusi Borcalma H\u00fcququ) b\u00f6l\u00fc\u015fd\u00fcr\u00fclm\u0259si zaman\u0131 kvota \u00e7\u0259r\u00e7iv\u0259sind\u0259 Az\u0259rbaycana ayr\u0131lan v\u0259saitin \u00f6lk\u0259 hesab\u0131na daxil olmas\u0131 \u0259h\u0259miyy\u0259tli rol oynay\u0131b.<\/p>\n Profisitli t\u0259diy\u0259 balans\u0131 valyuta bazar\u0131nda t\u0259klifi v\u0259 bel\u0259likl\u0259 qiym\u0259tl\u0259r sabitliyinin \u0259sas l\u00f6vb\u0259ri olan m\u0259z\u0259nn\u0259 sabitliyini d\u0259st\u0259kl\u0259yir. Cari ilin \u00f6t\u0259n d\u00f6vr\u00fcnd\u0259 AMB-d\u0259 ke\u00e7iril\u0259n valyuta h\u0259rraclar\u0131n\u0131n 85%-d\u0259 t\u0259klif t\u0259l\u0259bi \u00fcst\u0259l\u0259yib.<\/p>\n Monetar \u015f\u0259rait<\/strong><\/p>\n Monetar \u015f\u0259rait antiinflyasiya xarakteri da\u015f\u0131maqdad\u0131r.<\/p>\n D\u00f6vl\u0259t qiym\u0259tli ka\u011f\u0131zlar\u0131n\u0131n g\u0259lirliyi v\u0259 banklararas\u0131 bazarda faiz d\u0259r\u0259c\u0259l\u0259ri azalmaqda davam edir. Kredit v\u0259 depozitl\u0259r \u00fczr\u0259 nominal faizl\u0259rd\u0259 \u0259h\u0259miyy\u0259tli d\u0259yi\u015fiklik m\u00fc\u015fahid\u0259 edilmir. \u0130nflyasiyan\u0131n y\u00fcks\u0259lm\u0259si \u015f\u0259raitind\u0259 nominal faizl\u0259rin d\u0259yi\u015fm\u0259z qalmas\u0131 real faizl\u0259rin azalmas\u0131n\u0131 \u015f\u0259rtl\u0259ndirir.<\/p>\n D\u00f6vl\u0259t b\u00fcdc\u0259sinin profisitli icras\u0131 v\u0259 vahid x\u0259zin\u0259 hesab\u0131n\u0131n dinamikas\u0131 pul bazas\u0131n\u0131n a\u015fa\u011f\u0131 templi art\u0131m\u0131n\u0131 \u015f\u0259rtl\u0259ndirmi\u015fdir. Pul bazas\u0131 8 ayda 4,5% art\u0131b.<\/p>\n \u0130qtisadi aktivliyin v\u0259 istehlak nikbinliyinin y\u00fcks\u0259lm\u0259si kreditl\u0259r\u0259 olan t\u0259l\u0259bi y\u00fcks\u0259ldir. Bank sisteminin kredit portfeli avqust ay\u0131nda 1,6%, \u00fcmumilikd\u0259 8 ayda is\u0259 7,4% art\u0131b. \u0130stehlak kreditl\u0259ri 12,9%, ipoteka kreditl\u0259ri 12,2% art\u0131b.<\/p>\n De-dollarla\u015fma meyill\u0259ri davam edir. Avqustda dollarla\u015fma fiziki \u015f\u0259xsl\u0259rin depozitl\u0259ri \u00fczr\u0259 44,7%-\u0259, kredit portfeli \u00fczr\u0259 is\u0259 26,8%-\u0259 enib.<\/p>\n AMB pul siyas\u0259ti q\u0259rarlar\u0131 q\u0259bul ed\u0259rk\u0259n milli valyutada y\u0131\u011f\u0131mlar\u0131n c\u0259lbedici olaraq qalmas\u0131 v\u0259 kredit qoyulu\u015flar\u0131n\u0131n balansl\u0131 \u015f\u0259kild\u0259 art\u0131m\u0131n\u0131 da diqq\u0259td\u0259 saxlay\u0131r.<\/p>\n \u0130qtisadi f\u0259all\u0131q<\/strong><\/p>\n Makroiqtisadi stimullar\u0131n davam etm\u0259si, xarici v\u0259 daxili t\u0259l\u0259bin y\u00fcks\u0259lm\u0259 meyli \u015f\u0259raitind\u0259 iqtisadiyyat art\u0131m trayektoriyas\u0131nda h\u0259r\u0259k\u0259t edir.<\/p>\n M\u0259cmu t\u0259klif m\u0259cmu t\u0259l\u0259bin geni\u015fl\u0259nm\u0259sin\u0259 adekvat reaksiya verm\u0259kd\u0259dir. 2021-ci ilin 8 ay\u0131nda \u00fcmumi daxili m\u0259hsul real ifad\u0259d\u0259 3,6%, o c\u00fcml\u0259d\u0259n qeyri neft-qaz sektoru \u00fczr\u0259 5,7% art\u0131b. Qeyri neft-qaz s\u0259nayesind\u0259 18,7%, k\u0259nd t\u0259s\u0259rr\u00fcfat\u0131nda 5%-lik iqtisadi art\u0131m ba\u015f verib.<\/p>\n 8 ayda \u00f6t\u0259n ilin eyni d\u00f6vr\u00fcn\u0259 n\u0259z\u0259r\u0259n p\u0259rak\u0259nd\u0259 ticar\u0259t d\u00f6vriyy\u0259si 2,7%, \u00f6d\u0259ni\u015fli xidm\u0259tl\u0259rin istehlak\u0131 4,9% art\u0131b. \u0130stehlak\u0131n artmas\u0131nda s\u0259rt karantin d\u00f6vr\u00fcnd\u0259 yaranm\u0131\u015f y\u0131\u011f\u0131mlar\u0131n x\u0259rcl\u0259nm\u0259si, kredit aktivliyinin b\u0259rpas\u0131, habel\u0259 xarici s\u0259f\u0259rl\u0259rin m\u0259hdudla\u015fmas\u0131 s\u0259b\u0259bind\u0259n \u00f6lk\u0259 daxili xidm\u0259tl\u0259r\u0259 t\u0259l\u0259bin artmas\u0131 m\u00fc\u0259yy\u0259n rol oynay\u0131b. Son r\u00fcbd\u0259 istehlak\u00e7\u0131 inam\u0131 indeksi \u00f6t\u0259n r\u00fcbl\u0259 m\u00fcqayis\u0259d\u0259 \u0259h\u0259miyy\u0259tli yax\u015f\u0131la\u015f\u0131b Bununla bel\u0259, pandemiyan\u0131n yeni dal\u011falar\u0131n\u0131n v\u0259 yeni \u015ftammlar\u0131n m\u00fcmk\u00fcnl\u00fcy\u00fc \u015f\u0259raitind\u0259 m\u0259cmu t\u0259l\u0259bin perspektivl\u0259ri il\u0259 ba\u011fl\u0131 qeyri-m\u00fc\u0259yy\u0259nlikl\u0259r qalmaqdad\u0131r.<\/p>\n AMB-nin apard\u0131\u011f\u0131 real sektorun monitorinqinin n\u0259tic\u0259l\u0259rin\u0259 g\u00f6r\u0259, avqustda biznes inam indeksi \u0259vv\u0259lki aya n\u0259z\u0259r\u0259n qeyri-neft s\u0259nayesi, ticar\u0259td\u0259 v\u0259 xidm\u0259td\u0259 azal\u0131b, tikinti sektorunda is\u0259 art\u0131b. B\u00fct\u00fcn sektorlar \u00fczr\u0259 biznes inam indeksi pozitiv zonada q\u0259rarla\u015f\u0131b.<\/p>\n Qiym\u0259tl\u0259ndirm\u0259l\u0259r\u0259 g\u00f6r\u0259 cari ilin sonunad\u0259k qeyri-neft sektoru \u00fczr\u0259 m\u0259cmu burax\u0131l\u0131\u015f k\u0259siri pozitiv zonada qalacaq.<\/p>\n Riskl\u0259r balans\u0131<\/strong><\/p>\n \u0130nflyasiya \u00fczr\u0259 risk balans\u0131nda qiym\u0259t art\u0131r\u0131c\u0131 amill\u0259rin rolunun geni\u015fl\u0259nm\u0259si davam edir.<\/p>\n D\u00fcnya \u0259mt\u0259\u0259 bazarlar\u0131nda v\u0259 t\u0259r\u0259fda\u015f \u00f6lk\u0259l\u0259rd\u0259 qiym\u0259tl\u0259rin y\u00fcks\u0259lm\u0259si il\u0259 idxal olunan \u0259mt\u0259\u0259l\u0259rin maya d\u0259y\u0259rinin artmas\u0131, pandemiya il\u0259 ba\u011fl\u0131 istehsal v\u0259 logistika z\u0259ncirind\u0259 yaranm\u0131\u015f probleml\u0259r, m\u0259cmu t\u0259l\u0259bin t\u0259klifl\u0259 m\u00fcqayis\u0259d\u0259 daha s\u00fcr\u0259tl\u0259 geni\u015fl\u0259nm\u0259si risk balans\u0131nda inflyasiya art\u0131r\u0131c\u0131 amill\u0259r kimi \u00e7\u0131x\u0131\u015f edir. Profisitli t\u0259diy\u0259 balans\u0131 v\u0259 valyuta bazar\u0131nda tarazl\u0131\u011f\u0131n qorunmas\u0131 qiym\u0259tl\u0259r sabitliyinin \u0259sas l\u00f6vb\u0259rini \u2013 m\u0259z\u0259nn\u0259 sabitliyini d\u0259st\u0259kl\u0259yir. Bununla bel\u0259, epidemioloji v\u0259ziyy\u0259t m\u0259cmu t\u0259l\u0259bin inflyasiyaya t\u0259sirinin istiqam\u0259tini d\u0259yi\u015fdirm\u0259 potensial\u0131n\u0131 h\u0259l\u0259 d\u0259 saxlay\u0131r. Valyuta bazar\u0131nda tarazl\u0131\u011f\u0131n qorunmas\u0131 n\u00f6vb\u0259ti il v\u0259 ortam\u00fcdd\u0259tli d\u00f6vr\u0259 d\u0259 dayan\u0131ql\u0131 makro-fiskal \u00e7\u0259r\u00e7iv\u0259nin q\u0259bul olunmas\u0131n\u0131 v\u0259 xarici valyuta g\u0259liri m\u0259nb\u0259l\u0259rinin \u015fax\u0259l\u0259nm\u0259si istiqam\u0259tind\u0259 islahatlar\u0131n s\u00fcr\u0259tl\u0259ndirilm\u0259sini aktualla\u015fd\u0131r\u0131r.<\/p>\n Faiz d\u0259hlizinin parametrl\u0259rin\u0259 dair n\u00f6vb\u0259ti q\u0259rarlar inflyasiyan\u0131n faktiki v\u0259 proqnoz g\u00f6st\u0259ricil\u0259rinin d\u0259yi\u015fimi, risk balans\u0131nda d\u0259yi\u015fiklikl\u0259r, habel\u0259 iqtisadiyyat\u0131n cari v\u0259ziyy\u0259ti v\u0259 onun ortam\u00fcdd\u0259tli d\u00f6vrd\u0259 inki\u015faf perspektivl\u0259ri n\u0259z\u0259r\u0259 al\u0131nmaqla q\u0259bul edil\u0259c\u0259k.<\/p>\n Bu q\u0259rar bu g\u00fcnd\u0259n q\u00fcvv\u0259y\u0259 minir. AMB-nin r\u0259hb\u0259rliyinin faiz d\u0259hlizinin parametrl\u0259ri bar\u0259d\u0259 n\u00f6vb\u0259ti q\u0259rar\u0131 oktyabr\u0131n 29-da ictimaiyy\u0259t\u0259 a\u00e7\u0131qlanacaq v\u0259 bununla ba\u011fl\u0131 m\u0259tbuat konfrans\u0131 ke\u00e7iril\u0259c\u0259k.<\/p>\n","protected":false},"excerpt":{"rendered":" Az\u0259rbaycan M\u0259rk\u0259zi Bank\u0131n\u0131n (AMB) \u0130dar\u0259 Hey\u0259ti (\u0130H) u\u00e7ot d\u0259r\u0259c\u0259sinin 6,25%-d\u0259n 6,5%-\u0259, d\u0259hlizin a\u015fa\u011f\u0131 h\u0259ddinin 5,75%-d\u0259n 6%-\u0259, yuxar\u0131 h\u0259ddinin is\u0259 6,75%-d\u0259n 7%-\u0259 y\u00fcks\u0259ldilm\u0259si bar\u0259d\u0259 q\u0259rar q\u0259bul edib. Bu bar\u0259d\u0259 qurumun a\u00e7\u0131qlamas\u0131nda bildirilir. Xat\u0131rladaq ki, bu, son 5 ild\u0259 ilk faiz art\u0131m\u0131d\u0131r. 2016-c\u0131 il sentyabr\u0131n 14-d\u0259 u\u00e7ot d\u0259r\u0259c\u0259si 9,5 %-d\u0259n 15 %-\u0259 qald\u0131r\u0131lm\u0131\u015fd\u0131. M\u0259lumatda h\u0259m\u00e7inin deyilir ki, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-12700","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"\n