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Central Bank of Azerbaijan raises discount rate
Finance
- 28 January, 2022
- 08:39
The Board of the Central Bank of Azerbaijan (CBA) has decided to raise the discount rate by 0.25 percentage points - from 7.25% to 7.5%, CBA Governor Elman Rustamov said at a press conference, Report informs.
He noted that the lower limit of the interest rate corridor is set at 6%, and the upper limit - at 9%.
This decision takes effect on January 28. The next CBA decision on the parameters of the interest rate corridor will be revealed on March 18.
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