Central Bank could not raise planned amount in deposit auction


April 15, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held another deposit auction for banks.

According to the CBA, it planned to raise AZN 350 million in the deposit auction on 15 April.

"The supply in the auction amounted to AZN 336.1 million. The weighted average interest rate increased compared to the previous auction and made up 7.70%," the CBA said in a statement.

At the last auction, on 8 April, the interest rate made up 7.01%.

The funds were raised for the period of 14 days.

The Central Bank began holding deposit auctions in June 2016.