Bank rate increased in Azerbaijan

The agency Trend reports.

National bank of Azerbaijan of Azerbaijan informed, from 23  May the basnk rate of National rate of National bank is to be 7,5%, anhd not  7% as it was before.

The information reads, macroeconomic situation is to be defined depending on dynamics of inflation, strengthening of inflation-monetary control and coordination of measures on macro-economic policy with measures on other directions.

Information also indicates, for the last period two-digit indicator of growth is observed in the state. Particularly, growth of GDP is 14,2%, Real  incomes of population grew by 18-20%, 200 thousand new places were created.  As a result of neutral policy of sterilization of national Bank of Azerbaijan the ratye of manat is stabilized at level 2,7%. Manat base decreased by 8,7%,  amd expanded monetary base by 1,1%.