Azerbaijan's Central Bank keeps discount rate unchanged

Azerbaijan's Central Bank keeps discount rate unchanged
  • Clock-gray 09:36
  • calendar-gray 01 August 2018

The Central Bank of Azerbaijan (CBA) has kept the discount rate at the level of 10%, CBA Chairman Elman Rustamov said at a press conference.

 

The CBA also decided to keep the interest rate cap at the level of 12 percent and the interest rate floor at the level of 8 percent.

 

CBA Chairman said that positive impact of successful economic policy on the economic stability was taken into account while a decision on parameters of the interest corridor was made. 

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