Azerbaijan Central Bank raised AZN 350 million in deposit auction


February 11, Fineko/ The Central Bank of Azerbaijan (CBA) has held another deposit auction.

The CBA reports that it raised AZN 350 million in 11 February auction.

"The supply in the auction amounted to AZN 848 million. The weighted average interest rate made up 7.26%," the CBA reported.

The finances were raised for the 14 day term.

The CBA started holding deposit auctions in June 2016.