Central Bank of Azerbaijan

Azerbaijan to introduce Google Pay services

Azerbaijan to introduce Google Pay services

The Central Bank of Azerbaijan is constantly working on expanding financial inclusion and increasing the availability of financial services, CBA Executive Director Farid Osmanov said on the sidelines of a press conference on July 29. …

Azerbaijan's Central Bank predicts gradual decline in inflation

Azerbaijan's Central Bank predicts gradual decline in inflation

According to forecasts, annual inflation in Azerbaijan will gradually decrease to single digits with a favorable change in external factors in 2023, Governor of Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press conference on …

Azerbaijan to issue gold and silver "football" coins

Azerbaijan to issue gold and silver "football" coins

The Central Bank of Azerbaijan has announced the issuance of gold and silver coins dedicated to the 2022 FIFA World Cup in Qatar. The coins' sale will be carried out by the German company MDM Münzhandelsgesellschaft …

Azerbaijan's Central Bank chairman relieved of his post

Azerbaijan's Central Bank chairman relieved of his post

The proposals of Azerbaijan's President Ilham Aliyev on the dismissal of Elman Rustamov from the post of a Chairman of the Central Bank and the appointment of Taleh Kazimov to this position were discussed at a meeting of Azerbaijan's …

Azerbaijan's Central Bank decreases interest rate to 7.25%

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 …

Azerbaijan's Central Bank cuts interest rate

Azerbaijan's Central Bank cuts interest rate

The Central Bank of Azerbaijan has decided to cut the interest rate by 25 points from 7.75% to 7.5%, according to the CBA press service. The lower threshold of the interest rate decreased from 6% to 5.75%, the upper threshold - …

Azerbaijan's Central Bank lowers discount rate to 7.75%

Azerbaijan's Central Bank lowers discount rate to 7.75%

The Central Bank of Azerbaijan has reduced the discount rate from 8 to 7.75%, CBA Chairman Elman Rustamov said at a press conference. Rustamov noted that the stabilization of oil prices in recent months, low …

Central Bank of Azerbaijan cuts discount rate to 8.25%

Central Bank of Azerbaijan cuts discount rate to 8.25%

The Central Bank of Azerbaijan (CBA) has reduced the discount rate from 8.5% to 8.25%, with the decision to enter into force on July 29, chairman of the CBA Elman Rustamov said at a press conference. According to …

Azerbaijan's central bank cuts rate to 8.75%

Azerbaijan's central bank cuts rate to 8.75%

Azerbaijan’s central bank cut its refinancing rate to 8.75% from 9%, CBA Chairman Elman Rustamov said. The central bank also lowered its rate corridor by the same margin, nudging the lower boundary down to …

Azerbaijan's Central Bank cuts refinancing rate

Azerbaijan's Central Bank cuts refinancing rate

Azerbaijan’s central bank cut its refinancing rate to 9% from 9.25%, the CBA press service reported. The central bank also adjusted its rate corridor, setting an upper boundary at 11% and a lower boundary at 7%, compared to 7.25 …

"Macroeconomic situation stable in Azerbaijan"

"Macroeconomic situation stable in Azerbaijan"

The Central Bank of Azerbaijan has cut the discount rate from 9.75% to 9.25%, chairman of the CBA Elman Rustamov said at a press-conference in Baku. According to him, there are no prerequisites in Azerbaijan for the …

Azerbaijan’s Central Bank to hold deposit auction

Azerbaijan’s Central Bank to hold deposit auction

Azerbaijan’s Central Bank will hold a deposit auction on August 27 to raise 350 million manat, the banks said in a statement. The auction will be held on the Bloomberg trading platform.  The interest rate on …

Azerbaijan's central bank cuts refinancing rate again

Azerbaijan's central bank cuts refinancing rate again

Azerbaijan’s central bank said today it cut the refinancing rate to 10% from 11%, CBA Chairman Elman Rustamov said at a press conference. The central bank also said it held the lower boundary of the rate corridor …

Azerbaijan's Central Bank issues 200 AZN banknotes

Azerbaijan's Central Bank issues 200 AZN banknotes

The presentation of a new banknote worth 200 manat was held at the Azerbaijani Central Bank yesterday. Chairman of the Central Bank of Azerbaijan Elman Rustamov said that taking into account the dynamical development of …

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 …