CBA reduces discount rate by 0.25%

CBA reduces discount rate by 0.25%
# 08 February 2013 14:05 (UTC +04:00)

APA-Economics reports citing CBA’s official information that the bank continues monetary policy directed to macroeconomic stability and in 2012, average annual inflation significantly dropped and made 1.1%, exchange rate of manat remained unchanged. Fixed exchange rate and low level of inflation compared to the inflation in partner countries in foreign trade have ensured positive impact of real effective exchange rate of manat on competitiveness of economy.

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THE OPERATION IS BEING PERFORMED