The Board of the Central Bank of Azerbaijan (CBA) has adopted a decision on increasing interest rates, said chairman of the Central Bank Elman Rustamov in an online press conference on parameters of interest rate corridor, APA-Economics reports.

The interest rate was raised from 6.5% to 7%, the lower limit of the interest rate corridor to 6%, and the upper limit of the interest rate corridor from 7% to 8%.

https://apa.az/en/xeber/finance-news/central-bank-of-azerbaijan-increases-interest-rate-360862