The Central Bank of Azerbaijan announced its latest decision on the discount rate

The Central Bank of Azerbaijan (CBA) has announced its latest decision on the key interest rate.

By the decision of the CBA Board, the key interest rate has been maintained at 6.5%, with the upper bound set at 7.5%.

The lower bound of the interest rate corridor has been reduced by 0.5 percentage points and set at 5%. In 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 liquidity position of the banking sector, as well as the latest trends observed in global monetary conditions were taken into account.