Baku 2° 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
20:56
Mikayil Jabbarov meets Coca-Cola senior VP in Davos
Business20:33
Amirbayov discusses Baku-Yerevan peace process with NATO deputy secretary general
Foreign policy20:22
Photo
Speaker of Milli Majlis Sahiba Gafarova Meets with NATO Deputy Secretary General
Foreign policy19:59
Photo
SOCAR signs services agreement with Swiss company
Energy19:41
ACWA Power to participate in synergy of projects on export of green energy via Azerbaijan to Europe
Energy19:30
Erdogan, Pezeshkian hold phone conversation
Region19:22
SOCAR, First Abu Dhabi Bank mull strategic partnership opportunities
Energy18:57
Azerbaijan, EU discuss development of transport and logistics infrastructure
Business18:39