Central Bank urges “fake fall” of interest rates

Central Bank urges “fake fall” of interest rates CESD; Commercial banks unlikely reduce interest rates under existing circumstance The Central Bank of Azerbaijan is to try to cut the costs of borrowing in order to stimulate the non-oil sector of the economy. “We have to try to decrease bank interest rates, to make capital cheaper,” Central Bank Chairman Elman Rustamov told journalists.  This is important for the development of the non-oil sector, he continued:... Read More