As the U.S. Federal Reserve signals a shift with plans to reduce the discount rate to 4.4% by the end of 2024, and to 3.4% by the end of 2025, questions arise around the potential impact on the global economy, the strength of the dollar, and currency stability worldwide. This development, coupled with increasing de-dollarization efforts led by BRICS nations, poses significant implications for countries like Azerbaijan, where maintaining currency stability is essential.
Regarding these pressing issues, Azernews conducted an interview with Vasa László, Chief Advisor, Senior Research Fellow, and expert on Central Asia, the Caucasus, and the Economics of Natural Resources at the Hungarian Institute of International Affairs, for insights into Azerbaijan’s economic strategy and the broader geopolitical dynamics shaping its future: