Central bank cuts interest rates again
Azerbaijan`s Central Bank has again lowered annual
interest rates for loans, following similar measures enacted in
past months.
Beginning on Monday, rates dropped from 3% to 2%, while the upper level of the percentage range decreased from 8% to 7%, according to a decision of the bank`s steering board.
The move aims to stimulate economic activity in the domestic market and boost stability in the country`s finance sector.
Beginning on Monday, rates dropped from 3% to 2%, while the upper level of the percentage range decreased from 8% to 7%, according to a decision of the bank`s steering board.
The move aims to stimulate economic activity in the domestic market and boost stability in the country`s finance sector.
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