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.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!