Azerbaijan Central Bank increases interest rate

Azerbaijan Central Bank increases interest rate
# 17 September 2021 17:56 (UTC +04:00)

The Board of the Central Bank of Azerbaijan (CBA) has decided to increase the interest rate, CBA said, APA-Economics reports.

The interest rate was raised from 6.25% to 6.5%, the lower limit of the interest rate corridor from 5.75% to 6%, and the upper limit of the interest rate corridor from 6.75% to 7%.

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THE OPERATION IS BEING PERFORMED