Central Bank of Azerbaijan reduces interest rate

  19 June 2020    Read: 759
Central Bank of Azerbaijan reduces interest rate

The Board of the Central Bank of Azerbaijan (CBA) has decided to reduce the interest rate from 7.25 percent to seven percent, Trend reported on June 19 referring to CBA.

The lower limit of the interest rate corridor was set at 6.5 percent while the upper limit of the interest rate corridor - at 7.5 percent.

The decision about a decrease in the interest rate by 0.25 percentage points was made taking into account the decrease in annual inflation rate, maintaining of stability in the foreign exchange market improving of the international situation, and weakening of consumer demand and its impact on inflation expectations.

 


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