Central Bank of Azerbaijan Refinancing Rate Undergoes Initial Rate Cut

Azerbaijan’s key central bank rate was cut today to 8.5% from 9.0%. This reduction follows a sequence of hikes from a pandemic low point of 6.25%. The rate was increased in 2021 by 100 basis points. Another 100 basis point of increase occurred during 2022,  and 75 bps followed in the first half of this […]