16:38 - 13.08.2025

---

August 13, Fineko/abc.az. The unsecured sector of the interbank market remained active in the first half of this year, ABC.AZ reports with reference to the Central Bank.

Ithe first 6 months of 2025, 2,148 transactions for totally 41.4 bn manats were concluded between banks in the Bloomberg trading system.
95% of those transactions had period of 1 to 3 days. Compared to the 2024 same term, the volume of transactions in the unsecured market increased by 26%, and their number by 55%.

"Short-term interest rates in the money market moved within the interest rate range for the reporte dterm. In the 1st half of 2025, the rate of the reference interbank unsecured money market for the period of 1 day - the AZIR index fluctuated over the months, but within the interest rate corridor it moved along a trajectory close to the discount rate. Thus, the spread between the AZIR index and the discount rate was -0.4% in the 1st quarter and 0.22% in the 2nd quarter. In general, the standard deviation of AZIR index from the discount rate for the first 6 months of 2025 was 0.29 p.p.," the CBA informs.