Azerbaijan’s Central Bank says it will continue cutting interest rates next year to stimulate growth outside the oil and gas industries.
The bank said "measures to increase opportunities to access business loans, stimulate lending to the real sector and develop the banking and financial infrastructure” will be priorities next year.
The Central Bank in July cut refinance rate to 3.5% from 4.25% and to 4.25% from 4.75% in April.
The government aims to double the non-oil economy by 2020.
ANN.Az
Follow us !
