Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply
By Trend
The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on April 8, Trend reports referring to the CBA.
The bank noted that the demand at the auction amounted to 547.7 million manats. The weighted average interest rate on deposit transactions concluded within the auction was 7.01 percent.
The maturity period is 14 days.
The CBA has started to hold deposit auctions since mid-June 2016.