Central Bank plans to raise AZN 100 million in deposit auction


October 18, Fineko/abc.az. The Central Bank of Azerbaijan will conduct another deposit auction for the banks.

The CBA reports that it expects to raise AZN 100 million in the auction on 21 October.

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

CBA has been holding deposit auctions since June 2016.