Caucasian and Central Asian countries will continue to reduce discount rate in 2024 - UN

Caucasian and Central Asian countries will continue to reduce discount rate in 2024 - UN
# 07 January 2024 16:22 (UTC +04:00)

Caucasus and Central Asian countries will continue to reduce the discount rate in 2024, noted in the UN report on the global economy, APA-Economics reports.

Noted that among the countries of region, Armenia, Belarus, Georgia, Kazakhstan, Moldova and Azerbaijan have transitioned to a softening period after a number of interest rate increases. "The inflation perspective is likely to promote further rate cuts in 2024," the report added.

It should be recalled that with the last two decisions of the Central Bank of Azerbaijan last year, the discount rate was decreased from 9% to 8%, the upper parameter of the interest corridor was decreased from 10% to 9%, and the lower limit was decreased from 7.5% to 6.5%.

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