Central Bank of Azerbaijan increased discount rate for the first time this year

Central Bank of Azerbaijan increased discount rate for the first time this year
# 01 February 2023 10:06 (UTC +04:00)

The Board of Directors of the Central Bank of Azerbaijan announced its first decision on the discount rate in 2023, APA-Economics reports.

According to the decision, the interest rate has been increased by 0.25 percentage points to 8.5%, the lower limit of the interest corridor by 0.5 percentage points to 6.75%, and the upper limit of the interest corridor has been increased by 0.25 percentage points to 9.5%.

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