Central Bank of Azerbaijan to announce interest rate decision tomorrow

The next decision of the Board of the Central Bank of Azerbaijan (CBA) on the parameters of the interest rate corridor will be announced tomorrow, Report informs, citing CBA.

On October 28, the CBA Board of Directors made a decision to increase the discount rate by 0.25 percentage points from 7.75% to 8%. The lower limit of the interest corridor was increased by one percentage point to 5%, and the upper limit was again set at 9.25%.