Baku 4° C
CBA reduces discount rate
Finance
- 25 October, 2019
- 07:40
The Central Bank of Azerbaijan (CBA) has announced a decrease in the discount rate by 0.25 percent from 8% to 7.75%, Report informs referring to the CBA chairman Elman Rustamov.
According to him, the lower limit of the interest corridor was set at 6% and the upper limit at 9.5% (at a ±1.75%-symmetric diapason).
The decision enters into force today. The CBA will consider the interests on December 13.
Author
Latest News
15:06
Terrorists who infiltrated from Afghanistan eliminated in Tajikistan
Region14:42
Video
Azerbaijani Defense Ministry presents weekly summary of events
Military14:31
1 person found in search for missing aircraft in Indonesia
Other countries13:37
Photo
President Ilham Aliyev paid tribute to 20 January martyrs
Domestic policy13:23
11 injured in Istanbul microbus accident
Region13:09
Trump invites Lula da Silva to become one of Gaza Peace Council founders
Other countries12:38
US blows past another deadline to field its first hypersonic missile
Other countries12:13
Trump wants nations to pay $1 billion to stay on his peace board
Other countries12:08