Baku 27° C
Central Bank of Azerbaijan increases discount rate
Finance
- 01 February, 2023
- 06:19
The Management Board (MB) of the Central Bank of Azerbaijan (CBA) made a decision to raise the discount rate by 0.25 percentage points to 8.5%, Report informs, citing CBA.
The interest rate floor is increased by 0.5% to 6.75% and the ceiling is increased by 0.25% to 9.5%.
"This decision is based on the dynamics of factors that have an increasing and decreasing effect on inflation in the internal and external environment," the Central Bank said in a statement.
The next decision of the Central Bank on the parameters of the MB interest rate corridor will be announced to the public on March 29.
Author
Latest News
00:45
Washington hosts trilateral meeting of Azerbaijani, US and Armenian diplomats
Foreign policy00:10
President: Project to lay power transmission lines from Azerbaijan to Nakhchivan through Armenia is ready
Domestic policy00:04
Hydropower plant planned to be built in Ordubad district
Energy23:55
President Ilham Aliyev: We have seen the advantages of the new governance system in Garabagh and East Zangezur
Domestic policy23:50
Video
President Ilham Aliyev's social media accounts shared video about his visit to Nakhchivan
Domestic policy23:39
President: Nakhchivan, East Zangezur and Garabagh should be developed based on a unified concept
Domestic policy23:19
Photo
Video
Sabah reach Champions League playoff stage for first time
Football23:03
President: Many international organizations interested in Nakhchivan segment of Azerbaijan's railway
Foreign policy22:57