Central Bank of Azerbaijan keeps key interest rate at 6.5%
On October 29, the Central Bank of Azerbaijan announced it would leave its benchmark interest rate unchanged at 6.5%, with the rate corridor's upper limit at 7.5% and lower limit at 5%.
The Management Board of the Central Bank of Azerbaijan announced its decision on the key interest rate on October 29. Under the decision, the benchmark rate was kept unchanged at 6.5%. The upper limit of the interest rate corridor was set at 7.5%, while the lower limit remained at 5%. The bank thus maintained its current monetary policy parameters unchanged.
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Azerbaijan's Central Bank keeps rate at 6.5%, lowers inflation forecast
The Central Bank of Azerbaijan decided on October 29 to keep its refinancing rate at 6.5% and the interest rate corridor between 5% and 7.5%. It also lowered its inflation forecast for this year and raised the expected current account surplus.