Central Bank raised AZN 100 million in deposit auction


December 2, Fineko/abc.az. The Central Bank of Azerbaijan has conducted another deposit auction for banks.

The CBA reports that it raised AZN 100 million in the deposit auction on 2 December.

"The offer in the auction amounted to AZN 655 million. The weighted average interest rate made up 6.01%. The funds were raised for 14 days," the CBA said.

The CBA started holding deposit auctions in June 2016.