According to inbusiness.kz, the Central Bank of Azerbaijan left its refinancing rate unchanged at 6.5% and the upper corridor limit at 7.5% on September 23, but trimmed the lower floor from 5.5% to 5.0%.
The regulator adopted the decision during its meeting on September 23, 2026. The upper ceiling of the interest rate corridor remains at 7.5%, while the lower floor was lowered from 5.5% to 5.0%.
The prior adjustment came in February 2026, when the central bank cut the refinancing rate to 6.5%, the upper limit to 7.5%, and the lower limit to 5.5%. Both the benchmark rate and the upper bound have remained unchanged since. As of August, Azerbaijan’s annual inflation ran at 5.7%, compared with a 4% target within a tolerance band of plus or minus 2 percentage points.
The Central Bank of Azerbaijan will announce its next decision on the interest rate corridor parameters on October 29, 2026, moving the date forward from November 4.