Central Bank of Azerbaijan keeps discount rate at 7.25%

The Central Bank of Azerbaijan (CBA) has decided to keep the discount rate at 7.25%, Report informs, citing the CBA.

The lower threshold of the interest rate corridor remained at 6.25% and the upper at 8.25%.

“This decision was made taking into account the comparison of actual and projected inflation with the target range of 4±2%, dynamics of internal and external factors of inflation,” said the bank.

The decision comes into force on Thursday. Information about the next decision regarding the parameters of the interest corridor will be released on September 18.