Supply in deposit auction exceeded demand 4-fold

12:19 - 6.05.2019

May 6, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held another deposit auction for banks.

The CBA reports that it raised AZN 150 million in the deposit auction.

"The supply in the auction amounted to AZN 633.9 million. The weighted average interest rate made up 6.76%," the CBA said.

The funds were raised for the period of 14 days.

The CBA began holding deposit auctions in June 2016.

 

Other news