Central Banks of Azerbaijan and Switzerland discuss open market operations

The Central Bank of Azerbaijan (CBA) and the Swiss National Bank (SNB) held discussions on open market operations.

According to Report, which the CBA, the meeting took place as part of ongoing cooperation and knowledge exchange between the two institutions. A CBA delegation visited the SNB to discuss various aspects of monetary policy strategies, as well as monetary policy analysis and forecasting.

The parties also exchanged views on the significance of maintaining a balanced real interest rate for the effective implementation of monetary policy, particularly in the face of changes in the global and domestic economic environment and its impact on financial stability.

Discussions also covered key areas such as the SNB's analysis and forecasting system, model portfolio, use of statistical databases, implementation of monetary policy decisions, interest rate regulation, and open market operations.