BAKU, Azerbaijan, September
23. The Central Bank of Azerbaijan (CBA) has
changed the schedule for announcing monetary policy decisions for
2026 to the public.


This was reflected in the CBA’s statement.


Specifically, the date for announcing the next decision on
interest rate corridor parameters and holding the associated press
conference has been moved from November 4, 2026, to October 29,
2026.


A meeting with experts is also planned for that day.







According to a decision of the CBA Management Board made today,
the refinancing rate was maintained at 6.5% and the upper bound of
the interest rate corridor at 7.5%. Meanwhile, the lower bound of
the interest rate corridor was reduced by 0.5 percentage points to
5%. The decision regarding the interest rate corridor parameters
took into account the dynamics of actual and projected inflation,
processes in the foreign exchange market, changes in the banking
sector's liquidity position, and recent trends in global monetary
conditions.


The statement noted that the reduction of the lower bound of the
interest rate corridor aims to encourage trading in the interbank
money market amidst conditions of excess liquidity in the banking
sector. Widening the corridor is expected to encourage banks to
engage in more active interbank transactions by reducing the CBA's
level of participation in the money market. Meanwhile, maintaining
the upper bound of the interest rate corridor and the policy rate
at their current levels serves to stabilize inflation
expectations.


The statement emphasized that decisions regarding the interest
rate corridor for the remainder of the year will be made by taking
into account inflation forecasts, the dynamics of key macroeconomic
indicators, developments in the foreign exchange market, and
liquidity dynamics within the banking sector. The statement also
noted that, given the uncertainties in the global environment and
the intensity of their transmission to the domestic economy,
forecasts for macroeconomic indicators will continue to be assessed
based on multiple scenarios.