Central Bank raised AZN 150 million in deposit auction


August 5, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held another Deposit auction for banks.

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

"The supply in the auction amounted to AZN 884.3 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 from June 2016.