Central Bank says about downward trend in interest rates on deposits

16:12 - 18.12.2020


December 18, Fineko/abc.az. Along with monetary policy decisions, macroprudential easing and government concessional lending programs have a positive impact on the dynamics of credit investments and average interest rates.

ABC.AZ reports of course, this is reflected in the Central Bank's statement on the parameters of the interest rate corridor.

It was noted that the weakening of demand for loans in the context of the pandemic affects the dynamics of deposit interest, which is the main source of banks' resources.

"Further decisions on the parameters of the interest rate corridor will be made taking into account the consequences of the pandemic, the pace of economic recovery, the likelihood of internal and external risks," the CBA says.

 

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