Discount Rate Kept at Level of 15%
Baku / 19.09.17 / Turan: The Board of the Central Bank of Azerbaijan (CBA) has decided to keep the discount rate at the level of 15%.
Explaining this decision, the CBA said that in the conditions of the balance of payments surplus, the balance of the currency market is ensured, and the manat rate is stable and against this background the money supply in the economy has slightly increased.
"The analysis of monetary and non-monetary inflation factors testifies to the absence of a need to correct the monetary policy," CBA informed.
The lower (10%) and upper (18%) thresholds of the interest corridor are also preserved.
The revision of the discount rate will be next considered at the meeting on November 15. -71D-
Finance
-
The Central Bank of Azerbaijan (CBA) has issued mandatory instructions to 'Cibpay', 'PulPal' and 'MAX Sistemleri Plus' in accordance with the Law on 'Payment Services and Payment Systems'.This is reported on the Central Bank's website.
-
Branches and outlets of banks of Azerbaijan, as well as branches of 'Azərpoçt’ company of the Ministry of Digital Development and Transport and currency exchange offices will work on non-working days from 30 December to 5 January.This was reported in the Central Bank of Azerbaijan.
-
Investment company 'ABB-Invest', a subsidiary of state-owned International Bank of Azerbaijan, has purchased state bonds of Turkey.This was announced by chairman of the board of the National Depository Centre (NDC) Agahuseyn Khudaverdiyev on December 28.
-
In January-November 2024, Azerbaijani banks concluded 3,365 deals in national currency for AZN 94.4 billion on 'Bloomberg' platform.
Leave a review