How has the discount rate changed since 2007?
Since February 5, the discount rate in Azerbaijan (the interest rate on loans in manat given by the Central Bank to commercial banks) has been set at 6.5 percent.
Medianews.az reports that the maximum discount rate was 13 percent in 2007 and 2018, 15 percent in 2008, 2016, and 2017, 5 percent in 2009 and 2012, 3 percent in 2010 and 2015, 5.25 percent in 2011, 4.75 percent in 2013, 4.25 percent in 2014, 9.25 percent in 2019, 7.25 percent in 2020, 2021, and 2025, 8.25 percent in 2022, 9 percent in 2023, and 7.75 percent in 2024.
The decision for 6.5 percent was made by the Central Bank's Board of Directors on February 4.
The next decisions will be announced on these days: April 2, May 6, June 24, August 5, September 23, November 4, December 23.
