Central Bank raised AZN 350 million at deposit auction


February 18, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held another deposit auction.

The CBA reports that it raised AZN 350 million in the 18 February auction.

"The supply in the deposit auction totaled AZN 929 million. The weighted average interest rate made up 7.26%," the CBA reported.

The finances were raised for 14 day term.

The CBA started holding deposit auctions in June 2016.