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Average interest rates on home-currency loans keep dropping Azerbaijan

13 February 2009 15:57 (UTC +04:00)

Baku. Vugar Israfilov â€“ APA-Economics. The average interest rate on home-currency loans restarted falling on the interbank money market of Azerbaijan last week.
Baku Interbank Currency Exchange (BICEX) said the average rate on interbank loans in thr national currency decreased by 0.48 percentage points from February 9-13.
The main indicator of the money market BakIBOR index fell to 15.33% from 15.64%.
The National Bank of Azerbaijanâ€™ cut the refinancing rate to 5% in early February.

*Instruments*	*09.02.2009*	*10.02.2009*	*11.02.2009*	*12.02.2009*	*13.02.2009*
*7 days BakIBOR (AZN)*	12,36	12,63	12,5	12,38	11,83
*30 days BakIBOR (AZN)*	14,5	14,64	14,25	14,64	14
*90 days BakIBOR (AZN)*	*15,64*	*15,57*	*15,25*	*15,43*	*15,33*
*180 days BakIBOR (AZN)*	16,83	16,75	16,5	16.60	16,6
*360 days BakIBOR (AZN)*	19,67	19,67	20,5	19,67	20,5
*ALƏTLƏR*	*09.02.2009*	*10.02.2009*	*11.02.2009*	*12.02.2009*	*13.02.2009*
*7 days BakIBİD (AZN)*	7,78%	6,88%	7,07%	7,55%	5,83%
*30 days BakIBİD (AZN)*	9,29%	9,29%	8,42%	9,29	7,80%
*90 days BakIBİD (AZN)*	*10,86%*	*10,86%*	*9,75%*	*10,43%*	*10,17%*
*180 days BakIBİD (AZN)*	10,42%	10,58%	9,40%	10,42%	9,90%
*360 days BakIBİD (AZN)*	12,75%	12,75%	12,00%	12,75%	12,00%