Azerbaijan has lowered its interest rates by 2 percentage points, from 13% to an annual rate of 11%.
The key rates a tool used by Central Banks to implement monetary policy.
A reduction in interest rates counters a weakening of prices, or a possible deflationary situation. It also revitalizes the economy and helps to increase exports.
This change is the first to have taken place since on February12th 2018, when the Central Bank lowered interest rates by 2 percentage points to 13%.
Here we show you the progression of interest rates in Azerbaijan. You can see interest rates in other countries in interest rates and see all the economic information about Azerbaijan in Azerbaijan economy.