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.