The Board of Directors of the Central Bank of Azerbaijan (CBA) has adopted a decision to keep unchanged the interest rate at the level of 7.25%. The ceiling of the interest rate collar has been kept at 9%, and its floor limit has been raised to 6.75%, the CBA told "APA-Economics".
The report says in the existing situation, the Central Bank monitors on a daily basis the processes going on in the global arena and in the country’s economy, and conducts continuous analyses in order to assess the scale of impacts of the foreign shock on the country’s economy.
The next decision of the Board of Directors of the Central Bank of Azerbaijan on parameters of the interest rate collar will be disclosed to the wider public on May 1, 2020, and a press conference will be held in this regard.
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