Baku: On April 23, the Central Bank of Azerbaijan (CBA) announced its decision regarding the interest rate, APA-Economics reports. The Board of the Central Bank decided to keep the interest rate unchanged at 7.25%, with the lower limit of the interest rate corridor at 6.25% and the upper limit at 8.25%.

According to Azeri-Press News Agency, the Central Bank has kept the interest rate stable in its decisions since May of last year. The consistency in maintaining the interest rate suggests a steady approach by the CBA in managing the country's monetary policy. The decision reflects ongoing assessments of economic conditions and the bank's strategy to stabilize financial markets.