Central Bank raised AZN 150 million in deposit auction


June 24, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted another deposit auction for banks.

The CBA reports that it raised AZN 150 million in the deposit auction on 24 June.

"The supply in the auction amounted to AZN 813.4 million. The weighted average interest rate made up 6.51%. The funds were raised for 14 days," the CBA said.

The CBA began holding deposit auctions since June 2016.