Central Bank raised AZN 150 million in deposit auction


December 9, Fineko/abc.az. The Central Bank of Azerbaijan has conducted another deposit auction for banks.

The CBA reports that it raised AZN 150 million in today’s deposit auction.

"The supply in the auction amounted to AZN 800.6 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.