Central Bank plans to raise AZN 350 million in deposit auction


February 22, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will hold another deposit auction for banks.

The CBA reports that the deposit auction will be held on February 25, and it is expected to raise AZN 350 million for 14 day term through it.

The interest corridor on the raised funds is set at 7.26%-9.24%.

The CBA has been holding deposit auctions since June 2016.