Central Bank plans to raise AZN 150 million in deposit auction on 27 May


May 24, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will hold another deposit auction for the domestic banks.

The CBA informs that it expects to raise AZN 150 million in the deposit auction to be held on 27 May.

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

The CBA has been holding deposit auctions since June 2016.