Central Bank raised AZN 250 million in a deposit auction

01.06.2020,14:22


June 1, Fineko/abc.az. The Central Bank of Azerbaijan raised AZN 250 million in a deposit auction.

"On 1 June the CBA held another deposit auction for banks, in which it raised AZN 250 million. The offer at the auction was AZN 716.5 million. The weighted average rate during the auction made up 6.76%," the CBA reported.

The funds were raised for the period of 14 days.

The CBA started holding deposit auctions in June 2016.