The benchmark interest rate in Azerbaijan was last recorded at 7.25 percent. This dataset 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 Deposit Interest Rate data was reported at 8.653 % pa in 2023. This records a decrease from the previous number of 8.976 % pa for 2022. Azerbaijan Deposit Interest Rate data is updated yearly, averaging 9.619 % pa from Dec 1998 (Median) to 2023, with 26 observations. The data reached an all-time high of 13.460 % pa in 1998 and a record low of 7.733 % pa in 2016. Azerbaijan Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

Deposit Interest Rate in Azerbaijan decreased to 8.59 percent in 2024 from 8.65 percent in 2023. This dataset includes a chart with historical data for Deposit Interest Rate in Azerbaijan.

Azerbaijan Real Interest Rate data was reported at 25.521 % pa in 2023. This records an increase from the previous number of -16.523 % pa for 2022. Azerbaijan Real Interest Rate data is updated yearly, averaging 7.155 % pa from Dec 1998 (Median) to 2023, with 26 observations. The data reached an all-time high of 47.901 % pa in 2009 and a record low of -16.523 % pa in 2022. Azerbaijan Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.;;

Azerbaijan Lending Interest Rate data was reported at 14.671 % pa in 2024. This records an increase from the previous number of 13.965 % pa for 2023. Azerbaijan Lending Interest Rate data is updated yearly, averaging 17.534 % pa from Dec 1998 (Median) to 2024, with 27 observations. The data reached an all-time high of 20.700 % pa in 2010 and a record low of 13.965 % pa in 2023. Azerbaijan Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;;

Real interest rate (%) in Azerbaijan was reported at 16.31 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Business credit interest rate, percent in Azerbaijan, April, 2025 The most recent value is 11.06 percent as of April 2025, an increase compared to the previous value of 10.93 percent. Historically, the average for Azerbaijan from December 2011 to April 2025 is 10.17 percent. The minimum of 8.15 percent was recorded in July 2016, while the maximum of 14.56 percent was reached in February 2012. | TheGlobalEconomy.com

Azerbaijan Interest Rate Spread data was reported at 5.312 % pa in 2023. This records a decrease from the previous number of 5.614 % pa for 2022. Azerbaijan Interest Rate Spread data is updated yearly, averaging 7.776 % pa from Dec 1998 (Median) to 2023, with 26 observations. The data reached an all-time high of 11.248 % pa in 2001 and a record low of 5.312 % pa in 2023. Azerbaijan Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics and data files.;Median;

Deposit interest rate (%) in Azerbaijan was reported at 8.653 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Deposit interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Lending interest rate (%) in Azerbaijan was reported at 14.67 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Key information about Azerbaijan Short Term Interest Rate

• Azerbaijan Short Term Interest Rate: Monthly Average: Interbank Rate: Foreign Currency: 1 to 3 Months was reported at 7.50 % pa in Mar 2024, compared with 7.50 % pa in the previous month.
• Azerbaijan Short Term Interest Rate data is updated monthly, available from Dec 2002 to Mar 2024.
• The data reached an all-time high of 25.23 % pa in Mar 2004 and a record low of 0.56 % pa in Oct 2013.
• Short Term Interest Rate is reported by reported by Central Bank of the Republic of Azerbaijan.
• The cash rate (Policy Rate: Month End: Refinancing Rate) was set at 7.25 % pa in Aug 2024.
• Azerbaijan Exchange Rate against USD averaged 1.70 (USD/AZN) in Jun 2023.

Key information about Azerbaijan Policy Rate

• Azerbaijan cash rate (Policy Rate: Month End: Refinancing Rate) was set at 7.25 % pa in Mar 2025, compared with 7.25 % pa in the previous Feb 2025.
• Azerbaijan Policy Rate averaged 7.25 % pa and is updated monthly, available from Jan 2005 to Mar 2025.
• The data reached an all-time high of 15.00 % pa in Jan 2018 and a record low of 2.00 % pa in Oct 2010.

• In the latest reports, Azerbaijan Short Term Interest Rate: Monthly Average: Interbank Rate: Foreign Currency: 1 to 3 Months was reported at 7.50 % pa in Mar 2024.
• Azerbaijan Exchange Rate against USD averaged 1.70 (USD/AZN) in Jun 2023.
• Its Real Effective Exchange Rate was 156.44 in Jan 2025.

Interest rate spread (lending rate minus deposit rate, %) in Azerbaijan was reported at 6.0792 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Azerbaijan - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Azerbaijan Bank Lending Rate

• Azerbaijan Bank Lending Rate was reported at 14.831 % pa in Jan 2025.
• This records an increase from the previous number of 14.660 % pa for Dec 2024.
• Azerbaijan Bank Lending Rate data is updated monthly, averaging 14.380 % pa from Dec 2002 to Jan 2025, with 266 observations.
• The data reached an all-time high of 18.746 % pa in Jan 2009 and a record low of 12.048 % pa in Dec 2016.
• Azerbaijan Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

Abstract

The Survey on Interest Rate Controls 2020 was conducted as a World Bank Group study on interest rate controls (IRCs) in lending and deposit markets around the world. The study aims to identify the different types of formal (or de jure) controls, the countries that apply then, how they implement them, and the reasons for doing so. The objective of the study is to advance knowledge on this topic by providing an evidence base for investigating the impact of IRCs on economic outcomes.

The survey investigates present IRCs in each surveyed country, the reasons why they have been applied, the framework and resources associated with their application and the details as to their level and functioning. The focus is on legal forms of control (i.e. codified into law) as opposed to de facto controls. The new database on interest rate controls, a popular form of financial repression is based on a survey of 108 countries, representing 88 percent of global gross domestic product. The interest rate controls presented in this dataset were in effect in 2019.

Geographic coverage

Global Survey, covering 108 countries, representing 88 percent of global GDP.

Analysis unit

Regulation at the national level.

Universe

Banking supervisors and Local Banking Associations.

Kind of data

Sample survey data [ssd]

Mode of data collection

Mail Questionnaire [mail]

Research instrument

Bank supervisors and banking associations were provided with a standard excel file with five parts. The survey was structured in five parts, each placed in a different excel sheet. Part A: Introduction. Countries with no IRCs in place were asked to only answer this sheet and leave the rest blank. Part B: Presented the definitions of controls, institutions, products and additional aspects that will be covered in the survey. Part C: Introduced a set of qualitative questions to describe the IRCs in place. Part D: Displayed a set of tables to quantitatively describe the IRCs in place. Part E: Laid out the final set of questions, covering sanctions and control mechanisms that support the IRCs' enforcement. The questionnaire is provided in the Documentation section in pdf and excel.

Azerbaijan Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data was reported at 2.216 % pa in 2017. This records a decrease from the previous number of 3.419 % pa for 2016. Azerbaijan Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data is updated yearly, averaging 8.492 % pa from Dec 1998 (Median) to 2017, with 19 observations. The data reached an all-time high of 18.871 % pa in 2010 and a record low of 1.178 % pa in 1999. Azerbaijan Risk Premium on Lending: Lending Rate Minus Treasury Bill Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Interest Rates. Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the 'risk free' treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.;International Monetary Fund, International Financial Statistics database.;;

Global interest rate, all instruments, New Turkish Lira, on All exchanges, turnover - notional amounts (daily average), Annual

Amounts outstanding of debt securities issued in international markets by residents of Azerbaijan of all issuers (nationality of All countries excluding residents of all issuers), all currencies, Total all currencies, original maturity of total (all maturities), remaining maturity of total (all maturities), all interest rates

Amounts outstanding of debt securities issued in international markets by residents of Azerbaijan of non-financial corporations (nationality of All countries excluding residents of all issuers), all currencies, Total all currencies, original maturity of total (all maturities), remaining maturity of total (all maturities), all interest rates

Key information about Azerbaijan Exchange Rate against USD

• Azerbaijan Exchange Rate against USD averaged 1.700 (USD/AZN) in May 2023, compared with 1.700 USD/AZN in the previous month.
• Azerbaijan Exchange Rate against USD data is updated monthly, available from Dec 1992 to May 2023.
• The data reached an all-time high of 1.818 in Jan 2017 and a record low of 0.011 in Dec 1992.

• In the latest reports, Azerbaijan Short Term Interest Rate: Monthly Average: Interbank Rate: Foreign Currency: 1 to 3 Months was reported at 1.288 % pa in May 2022.
• The cash rate (Policy Rate: Month End: Refinancing Rate) was set at 9.000 % pa in May 2023.