The Central Bank of Azerbaijan kept its refinancing rate unchanged at 7.25% during its May 2025 meeting, marking the eleventh consecutive decision to maintain rates at their lowest level since December 2021. The interest rate corridor also remained steady, with the upper bound at 8.25% and the lower bound at 6.25%. The decision reflects the bank’s ongoing commitment to price stability, amid inflation continuing to track within the 4±2% target range. As of April 2025, annual inflation stood at 5.6%, slightly down from 5.9% in March. Food prices rose by 6.1%, non-food items by 2.2%, and services by 7.6%, while core inflation was recorded at 4.3%. External conditions remained supportive, with a continued current account surplus and favorable commodity market dynamics. The central bank stated it would remain vigilant and make further policy adjustments based on evolving inflation risks and global macroeconomic trends. source: Central Bank of the Republic of Azerbaijan

The benchmark interest rate in Azerbaijan was last recorded at 7.25 percent. Interest Rate in Azerbaijan averaged 7.07 percent from 2005 until 2025, reaching an all time high of 15.00 percent in September of 2016 and a record low of 2.00 percent in December of 2009. This page provides the latest reported value for - Azerbaijan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Azerbaijan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2025.

The benchmark interest rate in Azerbaijan was last recorded at 7.25 percent. Interest Rate in Azerbaijan is expected to be 7.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Interest Rate is projected to trend around 6.00 percent in 2026 and 5.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-12 07:00 AM Interest Rate Decision 7.25% 7.25% 7.25%
2025-04-23 06:00 AM Interest Rate Decision 7.25% 7.25% 7.25%
2025-06-11 07:00 AM Interest Rate Decision 7.25% 7.25% 7.25%
2025-07-23 06:00 AM Interest Rate Decision 7.25% 7.25%
2025-09-10 06:00 AM Interest Rate Decision
2025-10-22 06:00 AM Interest Rate Decision


Related Last Previous Unit Reference
Foreign Exchange Reserves 11094.60 11062.50 USD Million May 2025
Interest Rate 7.25 7.25 percent Jun 2025
Money Supply M0 16177.30 16046.30 AZN Million May 2025
Money Supply M1 28351.50 28061.60 AZN Million May 2025
Money Supply M2 35768.50 35438.80 AZN Million May 2025
Money Supply M3 48306.00 47207.70 AZN Million May 2025

Azerbaijan Interest Rate
In Azerbaijan, interest rate decisions are taken by the Central Bank of Azerbaijan. The official interest rate is the Refinancing Rate.
Actual Previous Highest Lowest Dates Unit Frequency
7.25 7.25 15.00 2.00 2005 - 2025 percent Daily

News Stream
Azerbaijan Keeps Key Rate Steady
The Central Bank of Azerbaijan kept its refinancing rate unchanged at 7.25% during its May 2025 meeting, marking the eleventh consecutive decision to maintain rates at their lowest level since December 2021. The interest rate corridor also remained steady, with the upper bound at 8.25% and the lower bound at 6.25%. The decision reflects the bank’s ongoing commitment to price stability, amid inflation continuing to track within the 4±2% target range. As of April 2025, annual inflation stood at 5.6%, slightly down from 5.9% in March. Food prices rose by 6.1%, non-food items by 2.2%, and services by 7.6%, while core inflation was recorded at 4.3%. External conditions remained supportive, with a continued current account surplus and favorable commodity market dynamics. The central bank stated it would remain vigilant and make further policy adjustments based on evolving inflation risks and global macroeconomic trends.
2025-06-11
Azerbaijan Holds Key Rate Steady
The Central Bank of Azerbaijan maintained its key refinancing rate at 7.25% for the tenth consecutive meeting in April 2025, holding borrowing costs at their lowest level since December 2021. The interest rate corridor was also left unchanged, with the upper limit at 8.25% and the lower limit at 6.25%. The decision came amid stable inflation, which continued to remain within the central bank's target range of 4±2%. As of March 2025, annual inflation stood at 5.9% as forecast, with prices rising 6.5% for food, 2.8% for non-food items, and 7.5% for services. Annual core inflation was 4.5%. Meanwhile, external sector conditions remain favorable, with a positive trade balance in Q1 2025 and the current account projected to post a surplus by year-end. The central bank reaffirmed its commitment to price stability and stated that future rate decisions will depend on incoming data and evolving inflationary risks.
2025-04-23
Azerbaijan Keeps Key Rate Steady at 7.25%
The Central Bank of Azerbaijan maintained its key refinancing rate at 7.25% for the ninth consecutive meeting in February 2025, keeping borrowing costs at their lowest level since December 2021 after five straight rate cuts. The bank also kept the interest rate corridor unchanged, with an upper limit of 8.25% and a lower limit of 6.25%. The decision came amid stable inflation, which remained within the central bank's target range of 4±2%. Meanwhile, the country's annual inflation accelerated to 5.4% in January 2025, the highest since August 2023, with annual price growth during this period being 5% for food products, 2.6% for non-food products, and 8.4% for services. Annual core inflation was 4.3%. On the other hand, the trade balance posted a surplus of USD 1 billion, which was 40.5% higher than in the same period of 2024. Meanwhile, the current account forecast for the end of 2025 is likely to improve compared to 2024 and the previous forecast.
2025-03-12