Azerbaijan's Central Bank increases interest rate

Central Bank of Azerbaijan

© APA | Central Bank of Azerbaijan

# 29 March 2023 11:04 (UTC +04:00)

In accordance with the decision of the Board of Directors of the Central Bank of Azerbaijan, the interest rate has been increased by 8.75%, the lower limit of the interest corridor by 7%, and the upper limit of the interest corridor has been increased by 9.75%, APA-Economics reports.

This decision was made considering the dynamics of factors that increase and decrease the inflation in the internal and external environment.

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THE OPERATION IS BEING PERFORMED