The Central Bank of the Republic of Azerbaijan cut its discount rate by 0.25 percentage points to 6.5% at its February 2026 meeting, the lowest since September 2021, continuing its gradual easing cycle as inflation remains within the 4±2% target range. The decision also adjusted the interest rate corridor accordingly, setting the lower limit at 5.5% and the upper at 7.5%, signaling policymakers’ intent to maintain adequate liquidity. The move reflects the central bank’s view that price pressures are easing, with a recent downward trend in inflation and core inflation close to target, alongside stability in foreign exchange and rising FX reserves. Officials noted that inflation risks have not changed significantly, with external price transmission and domestic cost factors remaining the main variables to watch. Going forward, the Bank reaffirmed its data-dependent stance, emphasizing readiness to modify policy if actual or forecast inflation deviates from its baseline outlook. source: Central Bank of the Republic of Azerbaijan

The benchmark interest rate in Azerbaijan was last recorded at 6.50 percent. Interest Rate in Azerbaijan averaged 7.06 percent from 2005 until 2026, reaching an all time high of 15.00 percent in September of 2016 and a record low of 2.00 percent in December of 2009. This page provides the latest reported value for - Azerbaijan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Azerbaijan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The benchmark interest rate in Azerbaijan was last recorded at 6.50 percent. Interest Rate in Azerbaijan is expected to be 6.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Interest Rate is projected to trend around 6.00 percent in 2027 and 5.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-22 06:00 AM Interest Rate Decision 7% 7% 7.0%
2025-12-10 07:00 AM Interest Rate Decision 6.75% 7% 7.0%
2026-02-04 06:00 AM Interest Rate Decision 6.5% 6.75% 6.75%
2026-04-02 06:00 AM Interest Rate Decision 6.5% 6.75%
2026-05-06 06:00 AM Interest Rate Decision
2026-06-24 06:00 AM Interest Rate Decision


Related Last Previous Unit Reference
Foreign Exchange Reserves 11514.90 11433.80 USD Million Dec 2025
Interest Rate 6.50 6.75 percent Feb 2026
Money Supply M0 17947.80 17233.70 AZN Million Dec 2025
Money Supply M1 32182.70 29483.00 AZN Million Dec 2025
Money Supply M2 40393.70 37596.20 AZN Million Dec 2025
Money Supply M3 49860.30 48662.10 AZN Million Dec 2025


Azerbaijan Interest Rate
In Azerbaijan, interest rate decisions are taken by the Central Bank of Azerbaijan. The official interest rate is the Refinancing Rate.
Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.75 15.00 2.00 2005 - 2026 percent Daily

News Stream
Azerbaijan Cuts Key Rate Again
The Central Bank of the Republic of Azerbaijan cut its discount rate by 0.25 percentage points to 6.5% at its February 2026 meeting, the lowest since September 2021, continuing its gradual easing cycle as inflation remains within the 4±2% target range. The decision also adjusted the interest rate corridor accordingly, setting the lower limit at 5.5% and the upper at 7.5%, signaling policymakers’ intent to maintain adequate liquidity. The move reflects the central bank’s view that price pressures are easing, with a recent downward trend in inflation and core inflation close to target, alongside stability in foreign exchange and rising FX reserves. Officials noted that inflation risks have not changed significantly, with external price transmission and domestic cost factors remaining the main variables to watch. Going forward, the Bank reaffirmed its data-dependent stance, emphasizing readiness to modify policy if actual or forecast inflation deviates from its baseline outlook.
2026-02-04
Azerbaijan Cuts Key Rate to 6.75%
The Central Bank of the Republic of Azerbaijan lowered its refinancing rate by 0.25 percentage points to 6.75% at its December 2025 meeting, continuing its gradual easing cycle to support domestic economic conditions. The decision also adjusted the interest rate corridor accordingly, setting the lower limit at 5.75% and the upper at 7.75%, signaling policymakers’ intent to maintain adequate liquidity while balancing inflation dynamics. The move reflects the central bank’s view that price pressures remain contained, supported by stable demand trends and favorable developments in global commodity markets. Officials noted that inflation risks are broadly balanced, with external volatility and domestic activity remaining the main variables to watch. Going forward, the Bank reaffirmed its data-dependent stance, emphasizing readiness to modify policy if new economic indicators diverge from its baseline inflation projections.
2025-12-10
Azerbaijan Leaves Key Rate Unchanged
The Central Bank of the Republic of Azerbaijan kept its refinancing rate unchanged at 7% during its October 2025 meeting, maintaining borrowing costs at their lowest level since late 2021. The interest rate corridor was also left steady, with the upper bound at 8% and the lower bound at 6%. Policymakers said the decision reflects stable inflation trends, balanced external and internal conditions, and the need to preserve financial stability while supporting economic activity. Inflation remains within the 4±2% target range, supported by stable food prices and moderate domestic demand. The Bank noted that risks to inflation are broadly balanced, citing movements in global commodity markets and domestic demand as key factors. Looking ahead, it reaffirmed its data-driven approach, emphasizing readiness to adjust policy if inflation deviates from its forecast path.
2025-10-22