Central Bank raises AZN 350 million in deposit auction

11:55 - 18 March 2019

March 18, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held the next deposit auction for the banks.

The CBA reports that in today’s deposit auction it raised AZN 350 million.

"The supply in the auction amounted to AZN 439.2 million. The weighted average interest rate made up 7.01%," the CBA said.

The finances were raised for the period of 14 days.

The CBA began holding deposit auctions since June 2016.