The Board of Directors of the Central Bank of Azerbaijan announced its first decision on the discount rate in 2023, APA-Economics reports.
According to the decision, the interest rate has been increased by 0.25 percentage points to 8.5%, the lower limit of the interest corridor by 0.5 percentage points to 6.75%, and the upper limit of the interest corridor has been increased by 0.25 percentage points to 9.5%.
This decision was made considering the dynamics of factors that increase and decrease the inflation in the internal and external environment.
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