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    Central Bank's Management Board will meet tomorrow

    A decision may be made to reduce discount rate

    Baku. 31 July. REPORT.AZ/ The next meeting of the Management Board of the Central Bank of Azerbaijan (CBA) will be held on August 1.

    Report informs, a decision may be made at the meeting to reduce discount rate.

    Experts predict that this figure will drop from current 15% to 12%. If this happens, the percentage of insured deposits (currently 15%) may be lowered, accepted in Azerbaijani manat under decision of the Azerbaijan Deposit Insurance Fund (ADIF) Board of Trustees.

    Notably, at 22 June meeting, the Management Board decided to keep the discount rate and upper limit of interest rate collar for liquidity transactions unchanged (18%) and reduce the interest rate collar lower limit from 12% to 10%.

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