Azerbaijani Central Bank decreases discount

Azerbaijani Central Bank decreases discount rate

22:54 30 July 2014 Read: 691

Azerbaijani Central Bank decreases discount rate

The discount rate has been decreased by 0.75 percentage points and stood at 3.5 percent on July 30, in accordance with the decision of the board of Azerbaijani Central Bank (CBA).

At the same time, the parameters of the interest rate corridor have also changed: the corridor ceiling has been reduced from 6 percent to 5 percent, while the corridor floor was decreased from 0.5 percent to 0.1 percent, CBA said on July 30.

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