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Financials

Azeri central bank cuts refinancing rate to 7.75%

BAKU, Oct 25 (Reuters) - Azerbaijan’s central bank has cut its refinancing rate to 7.75% from 8%, it said on Friday.

The central bank also adjusted its rate corridor, setting a lower boundary of 6% and an upper boundary of 9.5%, compared with 6.25% and 9.75% previously. (Reporting by Nailia Bagirova Writing by Margarita Antidze Editing by David Goodman)

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