Baku: The Central Bank of Azerbaijan (CBA) has once again announced its decision regarding the interest rate, APA-Economics reports. The CBA’s Board of Directors has kept the interest rate at 7.00%, the lower bound of the interest rate corridor at 6.00%, and the upper bound at 8.00%.

According to Azeri-Press News Agency, this decision by the CBA reflects a consistent approach in maintaining stability within the financial framework of the country. The unchanged interest rates are part of the CBA’s broader strategy to manage inflation and support economic growth.

The decision to keep the interest rate steady suggests a careful assessment of current economic conditions and future projections. The CBA continues to monitor global and domestic economic indicators that influence its monetary policy decisions.