Number of unsecured transactions up 19% in Azerbaijan

In January-August of this year, the number of unsecured transactions in the money market in Azerbaijan increased by 19% compared to the same period last year, Report informs referring to the Central Bank of Azerbaijan (CBA).  

Activity in the money market remains high. Since the last meeting of the CBA, interest rates in the unsecured money market have moved within the interest rate corridor set by the Central Bank, and the difference between the AZIR index and the key rate has decreased to a historical minimum.  

The average daily level of the AZIR index was 7.15% in July, 6.97% in August, and 6.98% in the past period of September.