The Central Bank of Azerbaijan (CBA) has once again announced its decision regarding the key interest rate, APA-Economics reports.
The CBA Board of Directors has reduced the discount rate to 7.00%, the lower limit of the interest rate corridor to 6.00%, and the upper limit of the interest rate corridor to 8.00%.
Recall that since May 2024, the Central Bank had maintained the key interest rate unchanged. The rate had been held steady at 7.25%, with the lower limit of the corridor at 6.25% and the upper limit at 8.25%.