The volume of notes issued by the Central Bank of Azerbaijan (CBA) decreased by more than 4.6 times in the last period of the current year, APA-Economics reports citing Central Bank of Azerbaijan (CBA).
It was noted that monetary policy instruments are applied taking into account the processes taking place in financial markets and changes in the liquidity position of the banking system. Considering the impact of changes in government account balances on liquidity in the banking system, the CBA has sharply reduced the amount of sterilization operations since the beginning of the year.
In November of the current year and in the last period of December, the 1D AZIR index was formed within the interest rate corridor, being 7.66% and 7.79%, respectively. Activity in the unsecured market remains high. The average daily volume of operations in the unsecured money market was 627.3 million manat in November and 402.3 million manat in the last period of December.
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