Baku 34° C
Central Bank of Azerbaijan raises interest rate
Finance
- 29 October, 2021
- 07:27
The Board of the Central Bank of Azerbaijan (CBA) has decided to increase the interest rate by 0.5 percentage points from 6.5% to 7%, CBA chairman Elman Rustamov said at a press conference.
According to him, the interest rate floor was maintained at 6%, and the ceiling was increased from 7% to 8%.
This decision comes into force today. The next decision of the CBA on the parameters of the interest rate corridor will be announced to the public on December 17.
Author
Latest News
15:30
Türkiye ready to strengthen regional cooperation on wastewater monitoring
AIC15:24
Photo
Rabitabank inks $10M financing agreement with Islamic Trade Finance Corporation
Finance15:15
Wastewater reuse critical for food security, CGIAR official says
AIC15:05
Photo
Azerbaijani jazz shines at Rome's Casa del Jazz
Art14:55
Ilham Aliyev: Aziz Aliyev did a lot to prevent Dagestanis from being deported
Foreign policy14:50
Grand Slam: Azerbaijani judokas win gold and bronze – UPDATED
Individual sports14:48
Abdullayev: DOST Model transforms social service delivery
Finance14:37
12 more people relocated to Azerbaijan's Aghdara district
Domestic policy14:31
Photo