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Central Bank of Azerbaijan keeps interest rate unchanged

Central Bank of Azerbaijan keeps interest rate unchanged

01 November 2024 10:10 (UTC +04:00)

The Management Board of the Central Bank of the Republic of Azerbaijan decided to leave the refinancing rate unchanged at 7.25%, the floor of the interest rate corridor at 6.25%, and the ceiling at 8.25%, APA-Economics reports citing CBA.

The decision was made considering the comparison of the actual and forecasted inflation with the target band (4±2%), the dynamics of inflationary factors and the assessment of the balance of risks. The factors that increase and decrease inflation neutralizing each other contributed to the decision related to the interest rate corridor.

Rahim Tariverdiyev

Azerbaijan Finance Central Bank interest rate

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