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Azerbaijani Central Bank reduces discount rate

15 March 2019 15:22 (UTC+04:00)
Azerbaijani Central Bank reduces discount rate

By Trend

The Central Bank of Azerbaijan (CBA) has reduced the discount rate from 9.25 percent to 9 percent, Trend reports referring to the CBA on March 15.

The upper limit of the interest corridor has been set at 11 percent, while the lower limit - at 7 percent.

The decision came into force on March 15.

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