Azerbaijan Central Bank ups interest rate

Central Bank of Azerbaijan

© APA | Central Bank of Azerbaijan

# 28 January 2022 12:07 (UTC +04:00)

"The Board of the Central Bank of Azerbaijan (CBA) has decided to increase the interest rate," said Chairman of CBA Elman Rustamov while his speech at online press conference on parameters of the rate corridor, APA-Economics reports.

The interest rate was raised from 7.25% to 7.5%, the lower limit of the interest rate corridor from 6%, and the upper limit of the interest rate corridor from 8.25% to 9%. It is the first decision of the financial regulator on increasing interest rates in 2022.