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Demand at Central Bank’s deposit auction exceeded supply 6-fold

20.11.2017,13:12


November 20, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held another deposit auction on 20 November.

The CBA reports that the auction raised AZN 100 million.

"At that, it was proposed AZN 623.35 million for the auction and the weighted average interest rate on transactions made up 10.01%,"

Thus, demand at the deposit auction was exceeded more than by 6 times.

 

Keywords: deposit auction