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Azerbaijan’s central bank reduces discount rate
Finance
- 28 March, 2024
- 07:20
The Management Board of the Central Bank of Azerbaijan (CBA) made a decision to reduce the discount rate by 0.25 percentage points from 7.75% to 7.5%, Report informs, referring to CBA.
It is reported that the lower limit of the interest rate corridor (IRC) was kept at 6.25%, and the upper limit was reduced by 0.25 percentage points from 8.75% to 8.5%.
This decision comes into force tomorrow. The next decision on the parameters of the IRC will be announced on May 1, and a press conference will be held in this regard.
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