Central Bank of Azerbaijan increases discount rate

Central Bank of Azerbaijan increases discount rate

The Management Board of the Central Bank of Azerbaijan (CBA) increased the discount rate by 0.25 percentage points from 7.75% to 8%.

SİA informs that the lower limit of the interest rate corridor has been increased by one percentage point to 5%, and the upper limit has been set at 9.25%.

The next decision of the CBA Board on the parameters of the interest corridor will be announced on December 16.

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