Azerbaijan reduces discount rate

The Central Bank of Azerbaijan has reduced the discount rate by 0.25 percentage point from 8% to 7.75%. This is reported on the CBA website. The report said the lower limit of the interest rate corridor was reduced by 0.25 percentage points from 6.5% to 6.25%, while the upper limit was reduced by 0.25 percentage points from 9% to 8.75%. "This decision was taken in view of the presence of actual and projected inflation within the target...

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