Azerbaijan Central Bank has kept accounting rate


August 1, Fineko/ The Central Bank of Azerbaijan (CBA) has reduced the accounting rate for the fourth time in 2018.

CBA chairman of board Elman Rustamov has stated that the CBAR keeping the rate at 10%.

The CBA decreased reduced the accounting rate from 15% to 13% on February 12, 2018. On April 9, the rate was cut for the second time from 13% to 11%. And on June 14, the rate was cut for the third time from 11% to 10%.