CBA lowers limit of interest rate corridor
By Trend
Central Bank of Azerbaijan has decided to reduce the lower limit of the interest rate corridor by 2.25 percent, from 6.25 to 4 percent, Trend reports via CBA.
"Central Bank of Azerbaijan has set a task to gradually bring interbank interest rates closer to the interest corridor, preventing sharp fluctuations in interest rates in various segments of the financial market. Depending on macroeconomic situation and situation on the interbank market, as well as the consequences of introducing new instruments to various segments of the financial market, the limits of the Central Bank's interest rate corridor will decrease," CBA said.
The discount rate is 7.75 percent, and the upper and lower corridors are 9.25 and 6.25 percent, respectively.
--
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!