Bank Of Baku

Average interest rates on home-currency loans move up in Azerbaijan

Average interest rates on home-currency loans move up in Azerbaijan
# 10 April 2009 15:23 (UTC +04:00)
Baku. Vugar Israfilov – APA-Economics. The average interest rate on home-currency loans kept increasing on the interbank money market of Azerbaijan last week.
Baku Interbank Currency Exchange (BICEX) said the average rate on interbank loans in the national currency increased by 1.04 percentage points while it was0.89 percentage points in the previous week.
The main indicator of the money market BakIBOR index went up to 15.88%.

The National Bank of Azerbaijan’ cut the refinancing rate to 5% in early February.
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