March 15, 2019 / 7:40 AM / 6 days ago

Azerbaijan's c.bank cuts refinancing rate to 9 pct

BAKU, March 15 (Reuters) - Azerbaijan’s central bank said on Friday it had cut its refinancing rate to 9 percent from 9.25 percent.

The central bank also adjusted its rate corridor, setting a lower boundary at 7 percent and an upper boundary at 11 percent, compared to 7.25 and 11.25 percent previously.

Reporting by Nailia Bagirova; writing by Margarita Antidze; editing by Maria Kiselyova

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