Central Bank plans to raise AZN 350 million in deposit auction on 1 April

11:53 - 29.03.2019

March 29, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will hold another deposit auction for banks.

The CBA reports that the deposit auction to be held on 1 April is expected to raise AZN 350 million for the 14-day term.

The interest rate corridor for the raised funds is set at the level of 7.01%-8.99%.

The CBA has been holding deposit auctions since June 2016.

 

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