Bank Of Baku

Central Bank of Azerbaijan increased discount rate

Central Bank of Azerbaijan increased discount rate
# 28 October 2022 11:01 (UTC +04:00)

By the decision of the Management Board of the Central Bank of Azerbaijan (CBA), the discount rate was increased by 0.25 percentage points to 8%, APA-Economics reports citing CBA.

It was noted that the lower limit of the interest corridor was increased by 1 percent to 5%, while the upper limit was kept unchanged at 9.25%.

The next decision of the CBA on the parameters of the IH interest rate corridor will be made public on December 16.

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