Azerbaijan continues gradual tightening

Central bank adds 25bp at March meeting, for a total of 150bp in hikes since September

national-bank-azerbaijan

The Azerbaijan central bank board announced its fifth consecutive hike on March 18, increasing the refinancing rate from 7.5% to 7.75%. Since September, Azerbaijani authorities have increased the refinancing rate by 150 basis points.

In its monetary policy statement, the central bank described new uncertainties in the global economic and political situation, probably referring to the war in Ukraine.

The central bank said year-on-year inflation came to 11.9% in February 2022. This was a small

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.