Central Bank of Azerbaijan plans to raise AZN 150 million in deposit auction on 20 May


May 17, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) is to organize the next deposit auction for banks.

The CBA reports that in the auction to be held on 20 May it expects to raise AZN 150 million.

The funds will be raised for the period of 14 days. The interest corridor on the raised funds is set at the level of 6.76-8.74%.

The CBA has been holding deposit auctions since June 2016.