Azerbaijan's Central Bank keeps discount rate unchanged

Azerbaijan's Central Bank keeps discount rate unchanged

Management Board of Central Bank of Azerbaijan decided to keep other parameters of interest corridor (the discount rate at 15%, lower limit of corridor at 10%, upper limit – 18%) unchanged.

Underlining 13.7%-inflation in the ten months of 2017, the bank said that the dynamics of prices has been changed by the factors such as inflation import, changes in prices of goods and services set by the state, inflationary expectations, volume of supply on separate products, APA reported.

Parameters of the interest corridor will be discussed at the next meeting to be held on February 15, 2018.

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