Central Bank raised AZN 100 million in deposit auction

12:28 - 29.07.2019

July 29, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted another deposit auction for banks.

The CBA reports that it raised AZN 100 million in the deposit auction on 29 July.

"The supply in the auction amounted to AZN 704.3 million. The weighted average interest rate made up 6.26%. The funds were raised for 14 days," the CBA said.

The CBA began holding deposit auctions since June 2016.

 

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