11:37 - 22.01.2025
January 22, Fineko/abc.az. In 2024, the volume of notes issued by the Central Bank of Azerbaijan (CBA) decreased 6.5-fold, ABC.AZ informs with reference to CBA's statement on the discount rate.
"The execution of budget expenditures in December 2024 led to a 1.7% increase in the monetary base. This led to a decrease in the average daily 1D AZIR index in January of this year by 1.29 percentage points compared with December, making up 6.39%. Activity in the unsecured market continues. The average daily volume of transactions in the unsecured money market reached 627.3 million manats in December and 290 million manats in the past period of January 2025. Monetary policy instruments are applied taking into account the processes taking place in the financial markets, as well as changes in the liquidity position of the banking system. Taking into account the impact of changes in government account balances on the liquidity of the banking system, the CBA has significantly reduced the volume of sterilization operations since the beginning of the year," the CBA informs.
On January 22, the Central Bank decided to leave the discount rate unchanged at 7.25%, while the upper and lower limits of the interest rate range also remained unchanged at 8.25% and 6.25%, respectively.
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