Azerbaijan's Central Bank to announce next rate decision on Dec. 23

BAKU, Azerbaijan, October 29. The Central Bank
of Azerbaijan (CBA) will announce its next decision on the
parameters of the interest rate corridor on December 23, 2026.

The Central Bank said that decisions on the interest rate
corridor for the remainder of the year would be based on inflation
forecasts, trends in key macroeconomic indicators and developments
in the foreign exchange market.

“Taking into account uncertainties in the global environment and
the extent to which they are transmitted to the domestic economy,
macroeconomic forecasts will continue to be assessed under several
scenarios,” the CBA said.

Earlier today, the CBA Board decided to keep all parameters of
the interest rate corridor unchanged. The key interest rate remains
at 6.5%, while the lower and upper bounds remain at 5% and 7.5%,
respectively.