In 2024, the volume of the unsecured interbank market has exceeded AZN 101 billion, Taleh Kazimov, the Chairman of the Central Bank of Azerbaijan (CBA), said during a press conference on the parameters of the interest rate corridor, APA-Economics reports.
He said that they have kept the one-day AZIR index within the corridor and allowed it to fluctuate around the interest rate.
"During the second half of last year, the Central Bank sharply reduced its sterilization operations. Thus, we ensureed liquidity in the sector," Taleh Kazimov added.
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