On May 1, the Central Bank of the Republic of Azerbaijan will announce its next decision on the parameters of the interest rate corridor, APA-Economics reports citing Bank.

On March 28, 2024, the Management Board of the Central Bank of the Republic of Azerbaijan decided to reduce the interest rate from 7.75% to 7.5%, the upper limit of the interest rate corridor from 8.75% to 8.5%, and to keep the lower limit of the interest rate corridor unchanged at 6.25%.

Source: Azeri-Press News Agency