CBA increases volume of operations on giving liquidity

CBA increases volume of operations on giving liquidity
# 13 November 2010 07:55 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Central Bank of Azerbaijan did not make significant amendments to the instruments of monetary policy, during 9 months, did not change the parameters of interest corridor for support of economic growth and business activity, kept the accounting rate at 2%, lower limit of corridor at 1%, upper limit of corridor at 7%, CBA’s Monetary Policy for January-September, 2010 reports.

The minimum reserve standards was not changed and stood at 0.5%, during the same period. Remaining of average term of minimum reserve standards as 1 month created useful condition for optimal regulation of liquidity by the banks.

As the result, CBA kept its liquidity window open during the 9 months. As of October 1, the balance on operations increased from AZN 1 454 mln to 1 709.4 mln

(mln. man.)

01.01.2010

01.10.2010

Giving of liquidity

1 483.5

1 755.2

Attraction of liquidity

29.5

45.9

Liquidity balance

1 454

1 709.4

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THE OPERATION IS BEING PERFORMED