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/
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