Central Bank plans to raise AZN 150 million in deposit auction on 5 August


August 2, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will hold another deposit auction for banks.

The CBA reports that it expects to raise AZN 150 million in the deposit auction on 5 August.

The funds will be raised for the period of 14 days. The interest corridor on the raised funds is set 6.26% - 8.24%.

The CBA has been holding deposit auctions since June 2016.