15:50 - 29.01.2021

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January 29, Fineko/abc.az. The Board of the Central Bank of Azerbaijan has taken a decision to keep the discount rate stable.

ABC.AZ reports that the above-said statement was made by CBA’s chair Elman Rustamov, when delivering speech at an online press conference.

He noted that the discount rate remained at the level of 6.25%, the lower limit of the interest rate corridor at 5.75%, and the upper limit of the interest rate corridor at 6.75%.

Rustamov  added that the recovery of economic growth in 2021 and the growth of aggregate demand can increase inflation. According to CBA’s updated forecast, the annual inflation will be 4% by the end of 2021.

By Elmir Murad