ING : EVERY $10 / BBL RISE CAN LIFT AZERBAIJAN ANNUAL EXPORTS BY 2 - 4 % OF GDP

What happened: ING Group said each additional $10/bbl rise in oil prices could lift Azerbaijan's annual exports by 2 to 4 percent of GDP, in its October 15 report on CIS-4 economies. Key numbers: $10/bbl rise lifts Azerbaijan and Kazakhstan exports 2 to 4 percent of GDP; Armenia and Uzbekistan import costs up about 0.5 percent of GDP; Why it matters: ING sees regional rates and currencies as constructive and domestically driven, but warns resilience to persistent global inflation could be tested through the exchange rate channel, with high real rates needed to keep portfolio inflows.

ING Group said each additional $10/bbl rise in oil prices could lift Azerbaijan's annual exports by 2 to 4 percent of GDP, in its October 15 report on CIS-4 economies.

ING sees regional rates and currencies as constructive and domestically driven, but warns resilience to persistent global inflation could be tested through the exchange rate channel, with high real rates needed to keep portfolio inflows.