Central Bank of Azerbaijan to announce interest rate decision tomorrow

The next decision of the Board of the Central Bank of Azerbaijan (CBA) on the parameters of the interest rate corridor will be announced tomorrow, Report informs, citing CBA.

On February 1, 2023, the discount rate in Azerbaijan was increased by 0.25 percentage points from 8.25% to 8.5%, the lower limit of the interest corridor was increased by 0.5 percentage points from 6.25% to 6.75%, and the upper limit was increased by 0.25 percentage points from 9.25% to 9.5%.