Central Bank to raise AZN 150 million in deposit auction on 6 May


May 3, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will hold another deposit auction for banks.

The CBA reports that the auction will be held on 6 May, and it is expected to raise AZN 150 million for the period of 14 days in it.

The percentage corridor on the raised finances was set at the level of 6.76%-8.74%.

The CBA has been holding deposit auctions since June 2016.