Central Bank raised AZN 150 million in deposit auction


November 12, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has conducted another deposit auction for banks.

According to the CBA, it raised AZN 150 million in today’s deposit auction.

"The supply in the auction amounted to AZN 663.7 million. The weighted average interest rate made up 6.01%. The funds were raised for 13 days," the CBA said.

The CBA started holding deposit auctions in June 2016.