Baku 28° C
Fitch: Fed's raising rates will not directly affect Azerbaijani manat
Finance
- 16 March, 2017
- 06:58
Baku. 16 March. REPORT.AZ/ Decision adopted by US Federal Reserve System (Fed) yesterday on increase in interest rates will not directly affect the exchange rate of Azerbaijani manat.
Report informs, Fitch international rating agency stated.
According to agency, raising interest rates can only create a psychological pressure: "Only if there is a substantial change in oil prices, it may play a role in formation of the exchange rate."
Notably, yesterday Fed has raised discount rate by 0,75-1,00%.
Author
Latest News
17:11
Deputy minister: TITR not just corridor, but strategic development direction for Kazakhstan
Infrastructure16:54
Azerbaijan, African Union planning joint summit
Foreign policy16:51
Iranian FM holds consultations in Pakistan
Region16:47
Türkiye, Armenia mull restoration of Ani Bridge
Region16:33
Dana Kasymova: Dutch companies may participate in development of Middle Corridor
Region16:22
BSE, Karabakh University ink co-op memo
Finance16:18
Trump: Record 19M barrels of oil transported through Hormuz in one day
Energy16:17
Wheat to be transported to Armenia in transit via Azerbaijan
Business16:04