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Central Bank made a decision about discount rate – Interest rates cut

18.09.2020,15:26


September 18, Fineko/abc.az. The Central Bank of Azerbaijan has decided to reduce the discount rate from 6.75% to 6.5%.

ABC.AZ was informed at the CBA that the lower threshold of the interest rate corridor has been cut from 6.25% to 6% and the upper one from 7.25% to 7%.

Further decisions on the parameters of the interest rate corridor will be aimed at maintaining an optimal balance between keeping inflation in the stated target range (4±2%), supporting financial stability and economic activity.

The next decisions on the parameters of the interest rate corridor will be made in the short- and medium-term prospect, depending on the balance of risk for inflation, the trajectory of actual inflation, the international situation and the situation on the foreign exchange market.