Azerbaijani Economy 30 july — 12:05

Central Bank of Azerbaijan lowers discount rate

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Central Bank of Azerbaijan (CBA) has made a decision to reduce the discount rate from 7% to 6.75%, Central Bank Chairman Elman Rustamov said at a press-conference on Thursday.

At the same time, the lower threshold of the interest rate corridor was reduced from 6.5% to 6.25%, the upper one from 7.5% to 7.25%.

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