Baku 29° C
Central Bank of Azerbaijan raises interest rate
Finance
- 29 October, 2021
- 07:27
The Board of the Central Bank of Azerbaijan (CBA) has decided to increase the interest rate by 0.5 percentage points from 6.5% to 7%, CBA chairman Elman Rustamov said at a press conference.
According to him, the interest rate floor was maintained at 6%, and the ceiling was increased from 7% to 8%.
This decision comes into force today. The next decision of the CBA on the parameters of the interest rate corridor will be announced to the public on December 17.
Author
Latest News
12:00
Photo
Training program launched for volunteers ahead of Formula 1 Azerbaijan Grand Prix
Formula 111:38
Russian army strikes Ukrainian-Moldovan border crossing point
Other countries11:26
BIG to hold conference on Belgian colonialism
Other countries11:20
Photo
Azerbaijan, China expanding exchange of experience in energy sector
Energy11:09
Around 2,000 volunteers to take part in Azerbaijan Formula 1 Grand Prix
Formula 111:04
4 dead after being hit by express train at station north of Tokyo
Other countries10:53
Death toll in Russian strike on Kyiv rises to 8
Other countries10:46
Photo
Azerbaijani journalists visit Imam Bukhari Mausoleum in Samarkand
Media10:31