Central Bank plans to raise AZN 150 million in deposit auction on 14 October


October 11, 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.

The funds will be raised for the period of 14 days. The interest corridor for the raised funds is set at 6.26% - 7.99%.

The CBA has been holding deposit auctions since June 2016.