Central Bank of Azerbaijan lowers interest rate

Central Bank of Azerbaijan lowers interest rate
# 01 May 2024 10:02 (UTC +04:00)

The Central Bank of Azerbaijan (CBA) has lowered the benchmark interest rate for the next time, APA reports citing CBA.

By the decision of the Management Board of the Central Bank of Azerbaijan, the discount rate was reduced from 7.5% to 7.25%, and the upper limit of the interest corridor was reduced from 8.5% to 8.25%. The lower limit of the interest rate corridor remained unchanged at 6.25%.

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