BAKU, Azerbaijan, November 14.
Azerbaijani banks executed 1,648 transactions worth 57.6 billion
manat ($33.9 billion) on the Bloomberg trading system from January
through September 2026, the Central Bank of Azerbaijan’s (CBA)
latest data on monetary indicators says.
According to the data, the total volume of transactions in the
unsecured interbank money market increased by 11% compared to the
same period last year. In terms of maturity structure, transactions
with maturities of one to three days accounted for the largest
share, representing 95% of the total volume.
During the reporting period, interest rates in the unsecured
money market followed a downward trend across the quarters.
Specifically, the average interest rate on transactions stood at
6.58% in Q1, 6.44% in Q2, and 6.28% in Q3.
Overall, the average interest rate in the unsecured interbank
money market amounted to 6.54% from January through September, down
0.68 percentage points compared to the same period last year.
Similar trends were observed in the repo market.
Specifically, 4,404 repo transactions totaling 25.2 billion
manat ($14.8 billion) were concluded during the first nine months
of 2026. Banks accounted for 84% of the total transaction
volume.
In terms of maturity structure, the vast majority of repo
transactions had maturities of six to eight days, accounting for
91% of the total volume.
The weighted average interest rate on repo transactions also
declined across the quarters. Specifically, it stood at 6% in Q1
2026, falling to 5.68% in Q2 and 5.17% in Q3.
At the end of the nine-month period, the weighted average
interest rate on repo transactions amounted to 5.71%, down 0.9
percentage points compared to the same period last year.
Thus, from January through September 2026, transaction volumes
remained high in both the unsecured interbank money market and the
repo segment, while interest rates followed a downward trend across
the quarters. These figures reflect an easing of interest rate
conditions in both major segments of the money market, alongside
sustained interbank trading activity.
