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Azerbaijani Central Bank raises discount rate
Finance
- 17 December, 2021
- 14:04
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The Board of the Central Bank of Azerbaijan made a decision to increase the discount rate by 0.25 percentage points - from 7% to 7.25%, Report informs about it with reference to the bank.
According to the information, the lower limit of the interest rate band was kept at 6%, and the upper limit was increased from 8% to 8.25%.
This decision comes into force today. The next CBA decision on the parameters of the interest rate corridor will be announced in 2022.
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