Demand at Central Bank’s deposit auction exceeded supply by 6.3 times


6 November, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held another deposit auction on 6 November.

The CBA reports that the auction raised AZN 100 million.

"At that, AZN 630.8 million was offered at the auction, and the weighted average interest rate on transactions made up 10.01%," the CBA said.

Thus, the demand at the deposit auction exceeded the supply by more than 6.3 times.


Keywords: deposit auction