Central Bank: Interests on loans kept almost unchanged and deposits increased

17:36 - 17.12.2021


December 17, Fineko/abc.az. Over the past period interests on loans have remained almost unchanged, and a certain increase of interests on deposits has supported the collection.

ABC.AZ reports that this is stated in the statement of the Central Bank "On the parameters of the interest rate corridor".

The decisions on monetary policy adopted at previous meetings at certain intervals reinforce the restrictive impact of monetary factors on inflation.

According to estimates, the share of monetary factors in the formation of inflation is also below 10% and tends to decrease.

Having the main balancing role, exchange rate stability significantly neutralizes inflation and expectations of external origin.

The strengthening of the balancing effects of monetary conditions on inflation occurs both through the quantity and through the value of money. Since the beginning of the year, the monetary base has grown only by 5.1%.

 

 

Other news