The Central Bank of Azerbaijan (TsBA) raised the accounting rate by 25 basic points to 8.25%, reports Interfax -Azerbaijan with reference to the data of the Central Bank.
In the information of the Central Bank, it is noted that the lower threshold of the percentage corridor is increased from 5%to 6.25%, the upper one is saved at 9.25%.
This decision comes into force on December 16.
The last time the Central Bank raised the discount rate on October 28, 2022 – by 25 B.P. – up to 8%.