The Central Bank of Azerbaijan lowered its benchmark interest rate by 25 bps to 8.0 percent on September 13th 2019, its sixth cut this year. Also, the lower limit of the interest rate corridor remained at 6.25% while the upper boundary was reduced to 9.75% from 10.5%. Interest Rate in Azerbaijan averaged 6.85 percent from 2005 until 2019, 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 8.00 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 8.00 in 12 months time. In the long-term, the Azerbaijan Interest Rate is projected to trend around 9.00 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 8.00 8.25 15.00 2.00 percent [+]
Money Supply M0 8576.80 8376.30 10508.90 295.70 AZN Million [+]
Money Supply M2 16182.20 15834.30 17525.20 369.00 AZN Million [+]
Deposit Interest Rate 10.28 8.43 12.90 7.70 percent [+]
Money Supply M1 13250.50 12917.20 13250.50 658.50 AZN Million [+]
Foreign Exchange Reserves 5939.40 5870.90 15193.40 3974.40 USD Million [+]
Money Supply M3 25284.20 24834.00 25284.20 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.25 15.00 2.00 2005 - 2019 percent Daily

Country Last Previous
Argentina 85.99 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Aug/19
Brazil 6.00 Aug/19
Indonesia 5.50 Aug/19
India 5.40 Aug/19
China 4.25 Sep/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Aug/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Aug/19
Switzerland -0.75 Aug/19