Azerbaijan's Central Bank decreases interest rate to 7.25%

The Board of the Central Bank of Azerbaijan has decided to reduce the interest rate by 0.25 percentage points from 7.5 to 7.25%.

The lower threshold of the interest rate corridor was reduced from 5.75 to 5.5%, while the upper threshold - from 9.25% to 9%.

This decision entered into force today.

Chairman of the Central Bank of Azerbaijan Elman Rustamov said at the press-conference that a surplus current account balance, a stable exchange rate, adequate monetary conditions and low inflation expectations had a stabilizing effect on the prices.