Azerbaijan posts decrease in interest rates on interbank lending

Nərmin Rəhimova
Post's author

Baku. 10 December. REPORT.AZ/ The average annual interest rate on interbank lending in manat dropped by 3.86 percentage points to 6.56% in October, Report informs citing the Central Bank of Azerbaijan (CBA).

According to the CBA, the interest rates on foreign currency fell from 4.98% to 4.73%.

In early 2018, the average interest rate on interbank lending in manat was 11.8%, in foreign currency – 4.93%. 

Latest news

EBRD: Azerbaijan completed work to improve financial derivatives, securitization 27 November, 2024 / 20:56
Mukhtar Babayev receives ambassador of Saudi Arabia to Azerbaijan 27 November, 2024 / 20:50
EBRD outlines key priorities for Azerbaijan's economic development in 2025 27 November, 2024 / 20:38
Spurs goalkeeper Vicario out for 'months' with broken ankle 27 November, 2024 / 20:20
MFA: Russia to take proportionate steps, if US missiles appear in Japan 27 November, 2024 / 19:55
Russia hopes for Armenia’s return to full-fledged cooperation in CSTO 27 November, 2024 / 19:38
Municipal elections results in Azerbaijan to be announced by February 23, 2025 27 November, 2024 / 19:14
US brokers release of three Americans imprisoned in China, Politico reports 27 November, 2024 / 18:55
Putin: Trade turnover with Kazakhstan reached almost $28.5B in 2023 27 November, 2024 / 18:42
STAR refinery reduces crude oil imports in September 27 November, 2024 / 18:13
CEC Chairman calls for increased party involvement in municipal elections 27 November, 2024 / 17:46
Commemorative coin featuring illustrations from Khamsa manuscripts presented to Guterres 27 November, 2024 / 17:46
US 'will make another push' to achieve ceasefire in Gaza 27 November, 2024 / 17:32
Ambassador: Azerbaijan actively pursues green development strategy 27 November, 2024 / 17:32
Baku slams Andrzej Duda’s visit to Armenia-Azerbaijan border area as demonstration of anti-Azerbaijani policy 27 November, 2024 / 17:31