Azerbaijan Central Bank maintains discount rate unchanged

The Board of Directors of the Central Bank of Azerbaijan (CBA) has decided to maintain the discount rate at 7.25%, Report informs, citing the CBA.

According to the bank, the lower limit of the interest corridor was kept at 6.25%, and the upper limit at 8.25%.

"The decision was made taking into account the comparison of actual and forecasted inflation with the target (4±2%), the situation in the global economy and financial markets, analysis of domestic macroeconomic trends, and the transmission of monetary policy decisions to the real sector," the CBA stated.

Information about the next decision regarding the parameters of the interest rate corridor (IRC) will be made public on June 11.