The Central Bank of Azerbaijan lowered its benchmark interest rate by 25 bps to 7.25 percent on January 31st 2020. The central bank also adjusted its rate corridor, setting a lower boundary of 5.5 percent and an upper boundary of 9 percent, compared with 5.75 percent and 9.25 percent previously. Azerbaijan Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Azerbaijan averaged 6.86 percent from 2005 until 2019, reaching an all time high of 15 percent in September of 2016 and a record low of 2 percent in December of 2009. This page provides the latest reported value for - Azerbaijan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Interest Rate in Azerbaijan is expected to be 7.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Azerbaijan to stand at 7.25 in 12 months time. In the long-term, the Azerbaijan Interest Rate is projected to trend around 8.00 percent in 2020, according to our econometric models.

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Azerbaijan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.25 7.50 15.00 2.00 2005 - 2020 percent Daily

Azerbaijan Interest Rate
In Azerbaijan, interest rate decisions are taken by the Central Bank of Azerbaijan. The official interest rate is the Refinancing Rate.