Central Bank of Azerbaijan reduces interest rate

Central Bank of Azerbaijan reduces interest rate
# 30 July 2020 12:10 (UTC +04:00)

The Board of the Central Bank of Azerbaijan (CBA) has decided to reduce the interest rate from 7 percent to 6,75 percent, Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov said at the press conference held today, APA reports.

The lower limit of the interest rate corridor was set at 6.25 percent while the upper limit of the interest rate corridor - at 7.25 percent.

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THE OPERATION IS BEING PERFORMED