The Central Bank of Azerbaijan lowered its benchmark interest rate by 25 bps to 9.75 percent on October 30th, its fourth cut this year, as inflation rate continued to fall. Policymakers also pointed to further rate cuts next year if inflation expectations are anchored. Annual inflation was 2.6 percent in January-September, the lowest since early 2015. The central bank now expects inflation to be 3-4 percent at the end of this year, lower than an initial forecast of 6-8 percent. Interest Rate in Azerbaijan averaged 6.68 percent from 2005 until 2018, reaching an all time high of 15 percent in September of 2016 and a record low of 2 percent in December of 2009.

Interest Rate in Azerbaijan is expected to be 9.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Azerbaijan to stand at 7.50 in 12 months time. In the long-term, the Azerbaijan Interest Rate is projected to trend around 7.00 percent in 2020, according to our econometric models.

Azerbaijan Interest Rate
Forecast Data Chart
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Azerbaijan Money Last Previous Highest Lowest Unit
Interest Rate 9.75 9.75 15.00 2.00 percent [+]
Money Supply M0 6878.40 6905.60 10508.90 295.70 AZN Million [+]
Money Supply M2 13498.90 12875.40 17525.20 369.00 AZN Million [+]
Deposit Interest Rate 8.43 7.70 12.90 7.70 percent [+]
Money Supply M1 11108.10 10601.80 13036.84 658.50 AZN Million [+]
Foreign Exchange Reserves 5534.50 5503.50 15193.40 3974.40 USD Million [+]
Money Supply M3 23146.40 22431.60 23146.40 1782.00 AZN Million [+]

Azerbaijan Interest Rate

In Azerbaijan, interest rate decisions are taken by the Central Bank of Azerbaijan. The official interest rate is the Refinancing Rate. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.75 9.75 15.00 2.00 2005 - 2018 percent Daily

Country Last Previous
Argentina 59.23 Dec/18
Turkey 24.00 Nov/18
Mexico 8.00 Nov/18
Russia 7.50 Nov/18
South Africa 6.75 Nov/18
Brazil 6.50 Nov/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Nov/18
United States 2.25 Nov/18
Singapore 1.97 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Nov/18
France 0.00 Nov/18
Germany 0.00 Nov/18
Italy 0.00 Nov/18
Netherlands 0.00 Nov/18
Spain 0.00 Nov/18
Japan -0.10 Nov/18
Switzerland -0.75 Nov/18