Central Bank plans raising AZN 350 million in deposit auction on 14 January


January 11, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will hold another deposit auction for the banks.

The CBA reports that the auction will be held on 14 January and it is planned to raise AZN 350 million for 14-day term through it.

Interest corridor on the raised finances is set at 7.76%-9.74%.

The CBA has been holding deposit auctions since June 2016.