Azerbaijan Central Bank has kept accounting rate of 15%


November 15, Fineko/abc.az. At today’s meeting the Board of the Central Bank of Azerbaijan has made a decision to keep the accounting rate.

The CBA reports that the Board decided to keep the interest rate of 15% and lower (10%) and upper (18%) limit of the interest corridor.

"There is a positive trend in the growth of the nonoil economy of Azerbaijan, and macroeconomic stabilization plays a special role in the formation of this dynamics. Analysis of medium- and long-term factors of price stability shows that monetary policy does not need correction," the CBA said in a statement.