Today.Az » Business » NBA reduces discount rate to annual 8% to ensure financial stability of banking system
01 December 2008 [11:45] - Today.Az
The directors' board of the National Bank of Azerbaijan decided to reduce discount rates from annual 10 to 8% and the maximal limit of cap and floor from 15 to 13% beginning from December 1, said the press service for NBA.
Moreover, by the decision of the National Bank the norms of compulsory reserving on banking liabilities both in national and foreign currencies have been reduced from 9 to 6%.
As is reported, to neutralize external factors of risk, the National Bank of Azerbaijan conducts preventive measures. These measures envision provision of high flexibility of liquidness tools and complex prudential regulation of resistance of the banking system to the external economic crisis.
/Day.Az/
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