The Azerbaijan Central Bank decided on Wednesday to leave the discount rate unchanged at nine percent, according to Azerbaijani news agency “Trend.”
The upper and lower limits of the interest rate path remained unchanged at 10% and 7.5%, respectively, according to the Central Bank.
The US Federal Reserve is widely expected to keep interest rates steady, but the focus will be on its expected policy path, which is unclear.
Investors are awaiting a set of interest rate decisions from the central bank this week, including the Federal Reserve’s decision at 1800 GMT on Tuesday, to assess the outlook for economic growth and fuel demand.
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