Central Bank raised AZN 350 million in deposit auction

12:11 - 8.04.2019

April 8, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted another deposit auction for banks.

The CBA reports that the 8 April deposit auction it raised AZN 350 million.

"The supply in the auction amounted to AZN 547.7 million. The weighted average interest rate made up 7.01%," the CBA said.

The funds were raised for the period of 14 days.

The CBA began holding deposit auctions in June 2016.

 

 

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