June 7, 2019 / 6:00 AM / in 9 days

Azerbaijan's c.bank lowers refinancing rate to 8.50%

BAKU, June 7 (Reuters) - Azerbaijan’s central bank said on Friday it had cut its refinancing rate to 8.50% from 8.75%.

The central bank also adjusted its rate corridor, setting a lower boundary at 6.5% and an upper boundary at 10.5%, compared with 6.75 and 10.75%. (Reporting by Nailia Bagirova; Writing by Margarita Antidze; Editing by Kim Coghill)

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