Central Bank left discount rate unchanged

The Central Bank of Azerbaijan on Friday, July 29, decided to leave the discount rate without changes – at the level of 7.75%, the press service of the Central Bank.

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The upper limit of the percentage corridor remained at the level of 9.25%, and the bottom – 6.25%.

“From the last meeting of the Central Bank, the influence of both lowering and increasing factors on actual and predicted inflation. Factors that have a restraining effect on inflation are the strengthening of the nominal effective course of manat as a result of additional reduction in national currencies in some partner countries, reducing the reduction indicators characterizing the dynamics of world food prices in June, supply and logistics costs, ”the Central Bank said in a statement.