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Baku / 07.06.19 / Turan: The Board of the Central Bank of Azerbaijan has decided to reduce the discount rate from 8.75% to 8.5%. The decision comes into force on June 7. The upper threshold of the interest corridor is set at 10.5%, and the lower is at 6.5%. The Board explained its decision by low inflationary processes, a favorable external situation and updated macroeconomic forecasts.
It should be noted that in 2019, the Central Bank has already reduced the discount rate for the fourth time.
On February 1, the discount rate was reduced from 9.75% to 9.25%, on March 15 from 9.25% to 9%, and on June 26 from 9% to 8.75%.
And in 2018, the discount rate was reduced four times from 15% to 9.75%. -71D-
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