Central Bank of Azerbaijan keeps interest rate unchanged

The Board of the Central Bank of Azerbaijan (CBA) has decided to maintain the interest rate at 7.25%, Report states, citing the CBA.

According to the announcement, the lower bound of the interest rate corridor remains at 6.25%, while the upper bound stays at 8.25%:

"This decision was made considering actual and projected inflation within the target range (4±2%), the global economic situation, an analysis of macroeconomic trends, and the transmission of monetary policy decisions to the real sector."

The next decision on interest rate corridor parameters will be made public on April 23, with a press conference to be held in this regard.