Azerbaijani Interest Rate Cut – Currency Thoughts
Azerbaijani Interest Rate Cut
July 23, 2025
At the Central Bank of Azerbaijan, officials lowered their refinancing rate by 25 basis points today to 7.0%. This cut was the first one made since May 2024 and brings the cumulative decline from a 9.0% peak in 2023 to two full percentage points. In resuming the rate reduction cycle, a released statement declares that
Annual inflation is projected to remain within the target range in both 2025 and 2026. According to the July forecast, annual inflation is expected to be 5.7% in 2025 and 5.3% in 2026. The alignment of inflation forecasts with the target and continued FX market stability provides grounds for easing monetary policy.
Copyright 2025, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Central Bank of Azerbaijan
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