The Central Bank of Azerbaijan (CBA) has announced its decision to reduce the key refinancing interest rate from 7.25% to 7.0%. Among other things, the rate is important in relation to Azerbaijan's interest deduction restrictions. The deduction of interest on loans received from abroad or from related parties is limited to 125% of the average interest on inter-bank credit auction on credits with similar periods or, if no auction was conducted, deductible interest is limited to 125% of the ra…