Azerbaijan's Central Bank (CBA) Executive Director Vugar Ahmadov has said that inflation in the country will remain at the current level until the end of 2022, Trend has reported.

The Central Bank of Azerbaijan (CBA) has extended the validity of decisions and recommendations regarding measures to support the country’s financial sector due to the continuation of measures to support businesses affected by the COVID-19 pandemic until April 1, 2021, Trend reports referring to the CBA.

The international rating agency Moody's Investors Service expects that the current reforms in the financial sector of Azerbaijan will improve the quality of banking supervision and information exchange, which will allow banks to better assess and manage credit risks, Trend reports referring to the agency’s press release.

China can speed up the opening of its financial sector if the United States is unhappy with the pace because it will be good for both countries, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said on Saturday, Trend reports citing Reuters.