On May 6, the Central Bank of Azerbaijan (CBA) will announce its interest rate decision. It is worth noting that, by a decision of the Central Bank’s Board of Directors on April 2, 2026, all parameters of the interest rate corridor were kept unchanged. According to that decision, the refinancing (policy) rate was maintained at 6.5%, the lower bound of the interest rate corridor at 5.5%, and the upper bound at 7.5%.

CBA emphasized that the next decision on the parameters of the interest rate corridor will be based on the direction of both forecasted and actual inflation, as well as updated results of macroeconomic analyses.

According to the State Statistical Committee, in March 2026, annual inflation stood at 5.6% compared to March 2025, while monthly inflation was 0.5% compared to February. This indicates that annual inflation remains within the Central Bank’s target range of 4±2%. In such a situation, the Central Bank will likely keep interest rates unchanged at its May meeting.

On the other hand, a 0.3%........

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