Azerbaijan’s Central Bank raises discount rate

The Board of the Central Bank of Azerbaijan has decided to raise the discount rate by 0.25 percentage points - from 7.50% to 7.75%, Report informs referring to the CBA.

The lower limit of the interest rate corridor is set at 6.25%, and the upper limit at 9.25%.

The decision takes effect from March 18. The next decision of the Central Bank on the parameters of the interest rate corridor will be made public on April 29.