The Central Bank of Azerbaijan (CBA) will decide on the interest rate next week, APA-Economics reports.
According to the report, on November 1, the CBA will announce its seventh decision on the interest rate this year.
In its last two decisions, the Board of CBA kept the interest rate stable. The Central Bank kept the interest rate unchanged at 7.25%, the lower limit of the interest corridor at 6.25%, and the upper limit of the interest corridor at 8.25%.
The Central Bank stated that the next decisions regarding the parameters of the interest rate corridor will depend on the dynamics of actual and projected inflation, external and internal risk factors.
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