The Central Bank of Azerbaijan raised its discount rate by 25 basis points to 5.25% from 5.00% previously. The Bank also announced a 100 basis point increase in the level of mandatory external debt provisioning for banks to 3.00% from 2.00%. The Bank said: "Taking measures to secure price and financial stability is among the main priorities in the CBA's activity. However, the world has recently seen growing prices on energy sources and foodstuffs".
www.CentralBankNews.info
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