Today.Az » Business » Bank rate increased in Azerbaijan
24 May 2005 [08:51] - Today.Az
The National bank of Azerbaijan increased Bank rate by 0,5%.
The agency Trend reports.
National bank of Azerbaijan of Azerbaijan informed, from 23 May the basnk rate of National rate of National bank is to be 7,5%, anhd not 7% as it was before.
The information reads, macroeconomic situation is to be defined depending on dynamics of inflation, strengthening of inflation-monetary control and coordination of measures on macro-economic policy with measures on other directions.
Information also indicates, for the last period two-digit indicator of growth is observed in the state. Particularly, growth of GDP is 14,2%, Real incomes of population grew by 18-20%, 200 thousand new places were created. As a result of neutral policy of sterilization of national Bank of Azerbaijan the ratye of manat is stabilized at level 2,7%. Manat base decreased by 8,7%, amd expanded monetary base by 1,1%.
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