Azerbaijan reduces discount rate

Economic Department
Post's author

The Central Bank of Azerbaijan (CBA) has reduced the discount rate from 9.25% to 9%.

Report informs citing the CBA that the upper limit of the interest corridor was set at 11%, lower limit at 7% (at the symmetric diapason of ±2%). 

Latest news

European companies slash thousands of jobs amid economic downturn 28 November, 2024 / 18:40
Putin calls Trump a smart and experienced politician 28 November, 2024 / 18:34
Putin, Tokayev mull new oil and gas routes to China 28 November, 2024 / 18:18
Starmer set to make history as first British PM at EU Summit since Brexit 28 November, 2024 / 18:09
European Council appoints new European Commission 28 November, 2024 / 18:03
CSTO not obligated to support Armenia in Karabakh, says Russian president 28 November, 2024 / 18:03
Ukrainian Film Days underway in Baku 28 November, 2024 / 18:02
Azerbaijan discloses income from electricity exports 28 November, 2024 / 17:48
Global wages soar to 15-year high in 2023, UN Labor Agency says 28 November, 2024 / 17:48
Australia pioneers world's first social media ban for under-16s 28 November, 2024 / 17:27
Bulgarian official: Middle Corridor to create new opportunities in trade 28 November, 2024 / 17:21
Pope Francis to visit Türkiye in 2025 28 November, 2024 / 17:20
Youth leaders discuss global expectations for COP16 28 November, 2024 / 17:19
Mercedes F1 reserve driver Mick Schumacher to leave role at end of 2024 season 28 November, 2024 / 17:09
EY’s Top Executives Attended COP 29  28 November, 2024 / 17:02