The Central Bank of the Republic of Azerbaijan kept its discount rate unchanged at 6.5% for a fourth consecutive meeting in July 2026, maintaining borrowing costs at the lowest level since September 2021. The interest rate corridor was also left intact, with the lower bound at 5.5% and the upper bound at 7.5%, as policymakers judged inflation risks to be broadly balanced. Annual inflation stood at 5.8% in June from a 5.6% increase in the previous month. This decision reflects the alignment of actual and projected inflation with the target range of 4±2%, alongside assessments of domestic and external inflationary pressures.