Demand at CBA deposit auction exceeded supply three-fold


November 13, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held another deposit auction on 13 November.

The CBA reports that it was raised AZN 200 million at the auction.

"At that, AZN 790.1 million was offered for this auction and weighted average interest rate on transactions made up 10.01%," the CBA said.

Thus, the demand at the deposit auction exceeded the supply more than by 3 times.