Azerbaijan's Central Bank to announce its next decision on interest rate corridor

Azerbaijan
# 30 April 2024 11:16 (UTC +04:00)

On May 1, the Central Bank of the Republic of Azerbaijan will announce its next decision on the parameters of the interest rate corridor, APA-Economics reports citing Bank.

On March 28, 2024, the Management Board of the Central Bank of the Republic of Azerbaijan decided to reduce the interest rate from 7.75% to 7.5%, the upper limit of the interest rate corridor from 8.75% to 8.5%, and to keep the lower limit of the interest rate corridor unchanged at 6.25%.

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THE OPERATION IS BEING PERFORMED