Baku: The Central Bank of Azerbaijan (CBA) has revealed that it may reduce the interest rate again, APA-Economics reports, citing CBA's statement on the monetary policy decision.
According to Azeri-Press News Agency, the current monetary policy is aimed at keeping inflation within the target range and stabilizing inflation expectations. The decrease in uncertainties in the external environment of inflation may create a basis for reducing the interest rate at the next meeting.
The next decision on the parameters of the interest rate corridor will be made on July 23 this year.