The Central Bank of Azerbaijan announced its latest decision on the refinancing rate today, and the main direction of the decision coincided with the forecast we published in Azernews on September 17. More precisely, the Central Bank did not cut the refinancing rate, but lowered the lower bound of the interest rate corridor from 5.5% to 5%. The refinancing rate was kept at 6.5%, while the upper bound of the corridor remained at 7.5%.
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