Trading Economics forecasts that the Central Bank of Azerbaijan (CBA) will decrease the interest rate by 0,5% on March 28, Paralel.Az-Economics reports.

According to the international economic statistics portal, the decision of the CBA Management Board will be in the direction of reducing the interest rate from 7.75% to 7.25%.

Trading Economics forecasts that in the second quarter of this year, the Central Bank will decrease the interest rate to 7%, and in the last quarter to 6,5%.

Recall that the CBA decreased the interest rate with its last three decisions. The last time, on January 31 of this year, the interest rate was reduced from 8% to 7.75%, the lower limit of the interest corridor was reduced from 6.5% to 6.25%, and the upper limit of the interest corridor was reduced from 9% to 8.75%.