Central Bank of Azerbaijan maintains policy rate at 6.5 percent
Baku, May 6, AZERTAC
The Management Board of the Central Bank of Azerbaijan (CBA) has decided to keep the policy rate unchanged at 6.5 percent.
According to the decision, the lower and upper bounds of the interest rate corridor have also been maintained at 5.5 percent and 7.5 percent, respectively.
The decision was based on several key factors, including the alignment of actual and forecasted inflation within the target range, risks stemming from global geopolitical tensions, the global financial environment, and domestic macroeconomic conditions. Additionally, the Board considered the ongoing transmission of monetary policy decisions to the real economic sector.
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