Azerbaijan posts decrease in interest rates on interbank lending

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%.