Central Bank plans to raise AZN 350 million in deposit auction on 8 April ABC.AZ

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Central Bank plans to raise AZN 350 million in deposit auction on 8 April

12:24 - 5 April 2019

April 5, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will hold another deposit auction for banks.

The CBA reports that the auction will be organized on 8 April, and it is expected to raise AZN 350 million for the period of 14 days.

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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