12:43 - 3.12.2024

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December 3, Fineko/abc.az. For Jan-Sept 2024, 22 of the 7-day repo operations were carried out for the purpose of sterilization, conducted to regulate interest rates in the interbank money market and operationally limit the influence of autonomous factors. The yield generated at the last auction for this instrument was 6.99%, ABC.AZ reports with reference to the Central Bank of Azerbaijan (CBA).

It was noted that the quantitative parameters of monetary policy instruments during the period were determined on the basis of monitoring and forecasting liquidity.

The liquidity monitoring and forecasting system was improved in the reporting period, taking into account the recommendations of international organizations.

Along with sterilization operations, in the reporting period, in order to meet the liquidity needs of banks, reverse REPO operations were carried out with a constant possibility for 1 day.

For 9 months of 2024, the average daily volume of these operations amounted to 166.3 million manats. Including in the 1st quarter, this figure reached 10 million manats, in the 2nd quarter - 96.7 million manats, and in the 3rd quarter - 213.4 million manats.