BAKU, Azerbaijan, March 10. The Board of the
Central Bank of Azerbaijan (CBA) will announce its next decision
over the refinancing rate on March 12, Trend reports.
The current refinancing rate stands at 7.25 percent, with the
lower limit of the interest rate corridor at 6.25 percent and the
upper limit at 8.25 percent.
According to the CBA, the decision to keep the refinancing rate
unchanged was made based on the fact that both actual and projected
inflation remain within the target range of 4±2 percent, the global
economic situation, an analysis of macroeconomic trends, and the
transmission of monetary policy to the economy.
“Future decisions on the parameters of the interest rate
corridor will depend on actual and projected inflation, as well as
the dynamics of external and internal risk factors. The Central
Bank will use all available tools to ensure price stability
following its legally defined mandate. If inflationary pressures
decrease and inflation expectations remain stable, there may be
room to lower the interest rate corridor parameters. However, the
Central Bank will respond appropriately if risks to achieving the
inflation target materialize,” the information notes.
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