Central Bank of Azerbaijan lowers discount rate

  30 October 2018    Read: 1436
Central Bank of Azerbaijan lowers discount rate

The Central Bank of Azerbaijan (CBA) has reduced the discount rate by 0.25 percent (from 10 percent to 9.75 percent), the Chairman of the CBA Elman Rustamov said at a press conference on Oct. 29.

The CBA also lowered the upper limit of the cap from 12 percent to 11.75 percent, and the lower limit of the floor from 8 percent to 7.75 percent.


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