12:56 - 4.02.2026

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February 4, Fineko/abc.az. The impact of the refinancing rate on deposits in manats and loans in manats is increasingly felt in Azerbaijan.

ABC.AZ informs that CBA governor Taleh Kazimov stated this at a press conference: "We are assessing this impact. Of course, the last phase of our new monetary policy began in 2024. Since then, we’ve started using the refinancing rate as a policy tool. For example, over the past 6 months, we have lowered our refinancing rate. As a result, the average interest rate on new term deposits of individuals in manats decreased by 0.11 p.p. to 9.5%, and on term deposits of legal entities - by 0.78 points to 5.87%. In addition, the average annual interest rate on new loans to individuals decreased by 0.8 points to 15.95%, and on new loans to legal entities - by 0.91 points to 12.32%," he said.