Central Bank of Azerbaijan lowers interest rates to 7,5

Central Bank of Azerbaijan lowers interest rates to 7,5
  • Clock-gray 12:05
  • calendar-gray 13 December 2019

Board of the Central Bank of Azerbaijan (CBAR) has taken a decision on dropping interest rate from 7,75% to 7,5% by reducing it 25 base points, APA reports citing CBAR.

Upper limits of rate corridor downed from 9 to 8% and lower rate corridor kept unchanged.

Note that Board of the Central Bank of Azerbaijan on October 25 had taken a decision on dropping interest rate from 8,25% to 8% by reducing it 25 base points. Upper and lower limits of rate corridor identified as 9.25% və 5.75%.

apa-logo-mini

Other news