The Central Bank of the Republic of Azerbaijan has adopted a decision to maintain the baseline interest rate for one-day deposit funds at the level of 4.40%. This rate is tied to the interest rate on reserves, as established by the Federal Reserve System of the USA, which reflects the general monetary course.
This decision was made after the Federal Reserve System of the USA announced the maintenance of the interest rate on reserves unchanged at its meeting, which took place in the middle of the month. The Central Bank of the Republic of Azerbaijan has also established a minimum interest rate for the actual interest rate of its operations, leaving the rate applicable to short-term liquidity loans from the Central Bank, at the level of 50 basis points above the baseline rate.
