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Central Bank of Azerbaijan lowers interest rate

Central Bank of Azerbaijan lowers interest rate

18 December 2020 14:17 (UTC +04:00)

The Board of the Central Bank of Azerbaijan (CBA) has decided to reduce the interest rate from 6.5 percent to 6.25 percent, APA reports.

'The lower limit of the interest rate band has been set at 5.75 percent and the upper limit of the interest rate band has been estimated at 6.75 percent,' the bank said.

Mirsaid İbrahimzade

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