Azerbaijan's central bank slashed its refinancing rate to by 25 bps to 6.25 percent during its December meeting, and lowered its rate corridor by the same margin, setting the lower boundary at 5.75 percent and its upper boundary at 6.75 percent. Policymakers said that the actual and projected inflation rate remained below the central bank's target range, while the pace of the economic recovery continues to be uncertain amid the coronavirus crisis. Looking ahead, inflation is expected to be around 3 percent by the end of 2020 and 3.5-4.0 percent in 2021. source: Central Bank of the Republic of Azerbaijan

Interest Rate in Azerbaijan averaged 6.87 percent from 2005 until 2020, 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. Azerbaijan Interest Rate - values, historical data and charts - was last updated on January of 2021.

Interest Rate in Azerbaijan is expected to be 6.25 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 6.25 in 12 months time. In the long-term, the Azerbaijan Interest Rate is projected to trend around 6.25 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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Azerbaijan Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.25 6.50 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.