Demand exceeds supply nearly twice at CBA’s deposit auction
By Trend
The Central Bank of Azerbaijan (CBA) held a deposit auction April 1, where it was planned to raise 350 million manats from Azerbaijani banks, Trend reports referring to a message by the CBA.
The demand at the auction amounted to 659.6 million manats.
The weighted average interest rate on deposit transactions concluded as part of the auction made up 7.01 percent.
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