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Azerbaijan’s Central Bank cuts refinancing rate to 3%

Azerbaijan’s Central Bank cuts refinancing rate to 3%
13.07.2015 11:00
Azerbaijan’s Central Bank decided to cut the benchmark interest rate to 3 percent from 3.5 percent.

The rate cut, which took effect on July 13, is to help boost growth in the non-oil sectors of the economy by stimulating investments.

It was a fourth rate cut by the Central Bank since December 2012.

 

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