A total of 1,530 transactions worth 55.7 billion manats ($32.8 billion) were conducted on the Bloomberg trading system in Azerbaijan’s unsecured interbank market during the first six months of 2026. The average interest rate on transactions conducted in the first quarter of 2026 was 6.58%, falling to 6.44% in the second quarter. A total of 3,015 repo transactions worth 20.6 billion manats ($12.1 billion) were conducted during the first six months of the year, with banks accounting for 87% of the total volume. The weighted average interest rate on repo transactions continued to decline quarter-on-quarter. The average rate fell from 6% in the first quarter to 5.68% in the second quarter.