The ING Group of the Netherlands believes that the Central Bank of Azerbaijan (CBA) will keep reducing the discount in 2024-2025, Report informs.

According to the information, the Central Bank will reduce the discount rate to 7% in 2024.

“The discount rate in Azerbaijan will be reduced to 6.75% in the first quarter of 2025, and to 6% by the end of the year,” ING Group believes.