Central Bank of Azerbaijan prepares to announce another interest rate decision

Tomorrow, the Central Bank of Azerbaijan (CBA) will announce the next decision on the interest rate corridor parameters. This will be the second interest rate decision in 2024. As a reminder, on 31 January this year, the CBA lowered the discount rate by 0.25 percentage points from 8% to 7.75%. The lower limit of the interest rate corridor fell by 0.25 percentage points from 6.5% to 6.25%, while the upper limit fell by 0.25 percentage points...

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