Azerbaijan central bank cuts refinancing rate to 6.75%

Azerbaijan’s central bank said on Wednesday it was cutting its key refinancing rate to 6.75% from 7% as part of its monetary policy adjustments.    

The bank said it was also narrowing the interest rate corridor, setting the lower limit at 5.75% from 6% and the upper limit at 7.75% from 8%.

N.Tebrizli