Central Bank plans to raise AZN 350 million at deposit auction on 7 January


January 4, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) will hold another deposit auction for banks.

The CBA reports that the auction will be held on 7 January and it expects to raise AZN 350 million for 14-day term through it.

The interest corridor on raised finances is 7.76%-9.74%.

The CBA has been holding deposit auctions since June 2016.