Azerbaijani Central Bank plans to raise AZN 150 million in deposit auction on 10 June


June 7, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will conduct a regular deposit auction for the banks.

The CBA reports that it expects to raise AZN 150 million in the auction on 10 June.

The funds will be raised for the period of 14 days. The interest corridor on the raised funds is set at the level of 6.51-8.49%.

At the previous auction on 3 June the CBA attracted AZN 100 million with the interest corridor of 6.76-8.74%.

The CBA has been holding deposit auctions since June 2016.