TODAY.AZ / Business

National Bank of Azerbaijan to reduce discount reduce to 5%

29 January 2009 [11:59] - TODAY.AZ
The National bank of Azerbaijan will reduce discount rate from 8 to 5% from February 2 of this year, said the press service for the National Bank of Azerbaijan.
As is reported, the maximal cap and floor rate has been reduced from 13 to 10%.

Moreover, еру reserve requirements on banking liabilities both in national and foreign currencies are reduced from 6 to 3% by decision of the National Bank of Azerbaijan. 

/Day.Az/
URL: http://www.today.az/news/business/50377.html

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