ING: CBA will keep reducing discount rate in 2024-2025

Elvin Jamalov
Post's author

The ING Group of the Netherlands believes that the Central Bank of Azerbaijan (CBA) will keep reducing the discount in 2024-2025, Report informs.

According to the information, the Central Bank will reduce the discount rate to 7% in 2024.

"The discount rate in Azerbaijan will be reduced to 6.75% in the first quarter of 2025, and to 6% by the end of the year," ING Group believes.

According to the information, the new forecast announced for this year and next year is 0.5 percentage points less than the forecast announced on February 22.

Latest news

Ukraine, Lithuania to produce drones, electronic warfare under new MoU 5 November, 2024 / 20:19
Budapest might host OTS informal summit in 2025 5 November, 2024 / 20:02
27 business entities get residency in Azerbaijan's industrial zones in Jan.-Oct.2024 5 November, 2024 / 19:43
Romanian university hosts event on initiatives put forward by Azerbaijan's COP29 Presidency 5 November, 2024 / 19:26
EU Council: Azerbaijan has strong political will to fight climate change 5 November, 2024 / 19:06
39 rockets, UAVs fired from Lebanon into Israel 5 November, 2024 / 18:55
Azerbaijan's energy initiatives within COP29 framework presented 5 November, 2024 / 18:44
Moratinos: Azerbaijan has done excellent organizational work to ensure COP29's success 5 November, 2024 / 18:29
Michael Jordan collectibles sell for $8.5 million at Sotheby's auction 5 November, 2024 / 18:11
Global Witness and BBC against COP29: New media attack in planning 5 November, 2024 / 18:00
Capital expenditures for Shah Deniz field up by 11% 5 November, 2024 / 17:53
BP and partners significantly reduce social spending in Azerbaijan 5 November, 2024 / 17:39
Tourist flow to Azerbaijan up by 28% 5 November, 2024 / 17:36
Baku prepares for spectacular Victory Day concert and fireworks display 5 November, 2024 / 17:32
BP Azerbaijan discloses ACE production volumes remaining months of 2024 5 November, 2024 / 17:28