The Central Bank of Azerbaijan (CBA) has announced its next decision on the interest rate, APA-Economics reports.
By a decision of the CBA Board, the interest rate has again been set at 6.5%, while the upper bound has been set at 7.5%.
The lower bound of the interest rate corridor was reduced by 0.5 percentage points to 5%. When making the decision on the parameters of the interest rate corridor, the dynamics of actual and projected inflation, developments in the foreign exchange market, changes in the banking sector’s liquidity position, as well as recent trends observed in global monetary conditions were taken into account.
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