In plain language
Monetary base at month-end: cash in circulation, banks’ correspondent accounts and required reserves (CBAR table 2.5).
month-end · 2026-07-31
Meaning. Trend. Stories.
Monetary base at month-end: cash in circulation, banks’ correspondent accounts and required reserves (CBAR table 2.5).
An end-of-month stock, not a monthly flow. Money growth alone does not establish inflation or income growth. Deposits of non-residents and central government are excluded according to the CBAR footnote.
Month-end stocks, not cumulative flows. The difference is in million AZN, not percent.
Related coverage does not establish what caused the indicator to change.
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