Central Bank raised AZN 150 million in a deposit auction


October 19, Fineko/abc.az. The Central Bank of Azerbaijan raised AZN 150 million at a deposit auction.

“Today, the CBA held another deposit auction for banks, in which it raised AZN 150 million. The offer at the auction was AZN 611.1 million. The weighted average rate during the auction made up 6.01%," the CBA said.

The funds were raised for the period of 14 days.

The CBA started holding deposit auctions in June 2016.