interest rate

Bank Respublika Launches 'Autumn Opportunity' Cash Loan Campaign

Clients can receive a cash loan of up to 50,000 manats for up to 59 months at a rate starting from 10% per annum with a three-month grace period.

ING: $10 Rise in Oil Prices to Add 2-4% to Azerbaijan's GDP

ING Group analysts assessed the impact of oil prices on the economies of the CIS-4 countries. For Azerbaijan and Kazakhstan, every additional $10 per barrel adds 2-4% of GDP to exports.

Fed Raises Rates for First Time Since 2023, to 3.75–4%

The Fed raised rates for the first time since July 2023, by 25 basis points to 3.75–4%. The unanimous decision came amid persistently high inflation; markets saw it as a hawkish signal.

Central Bank of Azerbaijan Moves Up Next Interest Rate Decision Date

The Central Bank of Azerbaijan has rescheduled the next decision on interest rate corridor parameters and the press conference from August 5 to July 31.