Central Bank raised AZN 350 million in deposit auction

12:08 - 1.04.2019

April 1, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted another deposit auction for the banks.

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

"The supply in the auction totaled AZN 659.6 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 in June 2016.

 

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