Central Bank of Azerbaijan to Announce Policy Rate Decision on October 29

The Central Bank of Azerbaijan (CBA) is scheduled to announce its Management Board's latest decision on interest rate corridor parameters on October 29.

Under its prior policy adjustment, the monetary authority maintained the refinancing rate at 6.5% and the upper corridor ceiling at 7.5%, while trimming the lower bound by 0.5 percentage points to 5%. The CBA previously indicated that its rate decisions through year-end will weigh inflation trajectories, core macroeconomic indicators, foreign exchange stability, and banking liquidity. Given prevailing global uncertainties, the regulator continues to model domestic economic risks against multiple forward-looking macroeconomic scenarios.

N. Tebrizli