11:25 - 26.04.2023

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April 26, Fineko/abc.az. In Central Bank’s latest statistics the main goal is to regulate economic inflation and at the same time organize savings in manats. But we must admit that so far the latest statistics of the Central Bank does not have much impact on the capital market as a whole. This does not have much impact, including on interest rates on loans. The main reason for this is that commercial banks attract funds mainly from sources outside the Central Bank.

ABC.AZ was stated about this by Milli Majlis MP Vugar Bayramov.

He noted that because of CBA’s low share in the funds raised by banks, the Central Bank can practically not have significant impact on credit policy.

"In practice, this shows that commercial banks in systemically important banks can attract lower or cheaper interest rates than citizens, the population or legal entities. As a result, this seriously reduces the Central Bank's demand for centralized resources. And, of course, this minimizes the influence of the Central Bank on the capital market. Therefore, we have not yet observed serious impact of CBA’s latest rate on the capital market as a whole," Bayramov said.