The Board of the Central Bank of Azerbaijan (CBA) made a decision to keep the discount rate at 6.25 percent, the CBA told Trend. At the same time, the upper limit of the interest rate corridor was kept at the level of 6.75 percent, and the lower limit – 5.75 percent. This decision was made […]
Month: April 2021
Azerbaijan’s Central Bank keeps inflation outlook in target range
The inflation rate in Azerbaijan is forecasted to be at 4 percent during 2021, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said, Trend reports. Rustamov made the statement at a press conference. “In the first quarter of this year, inflation rate amounted to 2.2 percent,” he said. “Along with this, despite the […]
Gold, silver prices down in Azerbaijan
Prices for precious metals in Azerbaijan on April 30, with the exception of palladium, decreased compared to previous indicators, Trend reports citing the Central Bank of Azerbaijan (CBA). Accordingly, an ounce of gold fell by 28.0925 manat or $16.52 (0.93 percent), amounting to 3,005.6 manat or $1,768, and an ounce of silver – by 0.6873 […]
Azerbaijani foreign exchange market remains stable – Central Bank chairman
There was an increase in demand for foreign currency since the beginning of the year, only in January, but in general, the foreign exchange market in Azerbaijan remains stable, Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov said. Rustamov made the remark at the press-conference, Trend reports on April 30. “The increased […]
No pressure on national currency rate – head of Azerbaijani Central Bank
The national currency rate isn’t being subjected to any pressure, Elman Rustamov, board chairman of the Central Bank of Azerbaijan (CBA), said at a press conference, Trend reports. “There is no pressure either on the balance of the foreign exchange market or on the manat rate. The Central Bank also doesn’t carry out transactions aimed at selling […]