Central Bank plans to raise AZN 350 million in deposit auction on 22 April


April 19, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) is to conduct the next deposit auction for the domestic banks.

The CBA reports that it expects to raise AZN 350 million in the auction to be organized on 22 April for the period of 14 days.

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

The CBA has been holding deposit auctions since June 2016.