Baku: The Central Bank of Azerbaijan (CBA) will make its next decision on the interest rate this week, on October 22, APA-Economics reports, citing the CBA.

According to Azeri-Press News Agency, the Central Bank recently lowered the interest rate from 7.25% to 7% on July 23, marking the first reduction in a year. In its last decision on September 10, the interest rate was kept unchanged. The CBA has indicated that its upcoming decision will consider changes in actual inflation, updated macroeconomic forecasts for October, and the dynamics of both external and internal risk factors. These forecasts will include the expected dynamics of government expenditures for the remainder of 2025 and for 2026.

The Netherlands’ largest financial group, ING, forecasted in early August that the Central Bank of Azerbaijan would keep the interest rate unchanged over the next year. Conversely, “Fitch Solutions” anticipates a possible reduction in the interest rate by 0.25 percentage points to 6.75%, potentially occurring on either October 22 or December 10.