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 and lower limits of rate corridor are identified to ±1,75% range to the interest rate (9.50% və 6.00%).

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%.

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