Central Bank raised AZN 350 million in deposit auction


April 22, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held another deposit auction for banks.

The CBA reports that in the 22 April deposit auction it raised AZN 350 million.

"The supply in the auction amounted to AZN 360.6 million. The weighted average interest rate made up 8.45%," the CBA said.

The funds were raised for the period of 14 days.

The CBA began holding deposit auctions in June 2016.