Paşha Bank
Bank Of Baku

CBA not to increase long-term credit operations

CBA not to increase long-term credit operations
# 05 January 2011 10:04 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Central Bank of Azerbaijan will use the market instruments and the monetary policy for 2011 will be regulated depending on interest corridor parameters, including accounting rate, inflation level, economic cycle and situations at financial markets, CBA’s statement on basic directions of financial stability policy for 2011 reports.

The statement also says the banking system’s liquidity will be mainly managed via short-term operations. Comparatively long-term refinancing operations will be applied in case of emergency. Thus, CBA’s refinancing policy will be remained unchanged compared to years ago.

At the same time, CBA intends to continue the promotion of activity at interbank money market to increase the macroeconomic efficiency of monetary policy instruments.
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