BAKU, Azerbaijan, February 6. Analysts from the Dutch ING Group predict that Azerbaijan's Central Bank (CBA) will maintain its 7.5 percent discount rate in 2024, Trend reports.
ING forecasts that the discount rate will fall another 25 basis points to 7.25 percent in the first quarter of 2025, before falling to 6.5 percent in the fourth quarter.
At its most recent meeting (held on January 31), the CBA reduced the discount rate from 8 percent to 7.75 percent, the top limit of the interest rate corridor from 9 percent to 8.75 percent, and the lower limit from 6.5 percent to 6.25.
The CBA's next meeting on the question of the discount rate is set for March 28, 2024. In general, the Central Bank will make decisions on the parameters of the interest rate corridor on May 1, June 21, July 31, September 18, October 30, and December 18.
